Tesla's stock is experiencing a decline today, driven by a combination of factors that have raised investor concerns. Notably, there are growing apprehensions about potential policy shifts under the Trump transition team, which could impact support for electric vehicles, including Tesla. This uncertainty is compounded by regulatory scrutiny over SpaceX, led by Elon Musk, which has raised questions about Musk's leadership at Tesla. Additionally, analysts have pointed to mixed demand trends in key markets, suggesting challenges in Tesla's 2024 delivery growth and the potential need for increased incentives to meet targets.
Tesla's shares are currently trading at $450.77, down 6.06% from the previous close of $479.86 and 3.34% lower than the opening price of $466.36.