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www.cnbc.com
- Tesla’s stock plummeted 36% in the first three months of the year, its steepest drop since 2022 and third-biggest decline for any quarter on record.
- The company has seen declining new vehicle sales and faces concerns surrounding President Trump’s tariffs as well as protests related to CEO Elon Musk’s role in the administration.
- Tesla lost over $460 billion in market cap in the quarter, while the Musk-led Department of Government Efficiency claims it’s so far saved $140 billion.