Tesla's Wild Post-Election Ride
Since Trump's re-election on November 5, 2024, Tesla's stock has experienced dramatic fluctuations. Initially, the stock surged to an all-time high of $479.86 on December 17, 2024, driven by optimism around Trump's policies favoring domestic manufacturing and deregulation. However, this peak was followed by a steep decline. As of March 13, 2025, Tesla's stock price has plummeted to $240.69, erasing $760 billion in market capitalization in under three months.
Several factors have contributed to this downturn. The announcement of tariffs on imports from Canada, Mexico, and China, along with China's retaliatory measures, have introduced significant market volatility. Additionally, Tesla's stock suffered its worst one-day performance in five years on March 10, 2025, dropping 15%. Investor concerns about inflation and the impact of tariffs on the broader economy have further exacerbated the instability.