Tesla shares have a hard time due to the slowdown in recent global sales. Accordingly, since October, the worst weekly performance has lost about 11 percent.

Tesla shares have been falling for a week

This sharp decline in shares was seen with sales reports in important markets such as China, one of the biggest growth points of Germany, France, England and even the company. Tesla sales in Germany has decreased to the lowest level since 2021, while deliveries in China decreased by 11.5 percent compared to the previous year.

This negative picture drew the shares of Tesla 25 percent down from the record closing level he reached in the middle of December. Analysts argue that the company’s challenges may be linked to CEO Elon Musk’s increasingly polarizing political views. He argues that Tesla affects his reputation in Europe.

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For those who do not know, Musk supported the far -right parties in Germany and entered into debate with the British Prime Minister. These events aroused curiosity with the fact that sales in important markets in Europe declined.

On the other hand, the management showed a more restrained approach to supporting the electric vehicle industry, while during the Trump period, friendly policies began to be followed by electric vehicles. Despite the decrease in the share, Tesla continues to be the most expensive stock in the automotive industry.

Some market observers believe that there may be more decreases for Tesla. Accordingly, the stock may fall up to 350 dollars in the coming weeks. Let’s remind you that it is around $ 361 right now.