Trump-Election Stocks refer to securities closely associated with business dealings, political actions, or events related to Donald Trump. These stocks may benefit from Trump's potential win in the 2024 US presidential election.
Bitcoin, Ethereum, Dogecoin Pare Losses Even As 'Extreme Fear' Prevails: Top Analyst Has This To Say About Buying The Dip
Tesla Loses $1 Trillion Valuation As Shares Plunge 8%— Elon Musk's DOGE Role, Brand Backlash Fuel Sell-Off
Sales in Europe have halved! Tesla's stock price has plummeted and its Market Cap has fallen below one trillion dollars.
① Tesla's stock price fell due to a halving of sales in Europe, with its Market Cap dropping below one trillion dollars; ② The European Automobile Manufacturers Association reports that Tesla sold 9,945 vehicles in Europe in January, a 45% year-on-year decrease, with market share falling from 1.8% to 1%; ③ The rise of Chinese auto manufacturers and Musk's political moves may be reasons for Tesla's stagnating sales, leading investors to feel pessimistic about Tesla's future prospects.
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If You Invested $1000 In This Stock 20 Years Ago, You Would Have This Much Today
Undeterred by nearly halved sales in Europe, Tesla is "counter-cyclical" by acquiring the assets of a bankrupt German parts supplier.
Despite a significant decline in sales in Europe in January, which caused the stock price to drop by more than 10% on Tuesday, it has been reported that Tesla still decided to acquire some Assets of the German Auto Parts supplier Manz, which is in bankruptcy proceedings, taking over Manz's factory and equipment located in Reutlingen, Germany, as well as more than 300 employees.