Why Tesla Stock Sank 11.5% in March
Investors in (NASDAQ: TSLA) are a bundle of nerves now. The electric vehicle (EV) stock sank 11.5% in March after dropping 28% in the previous month, according to data provided by S&P Global Market Intelligence. And the bloodbath isn't over yet -- Tesla stock is down another 12.8% already so far in April and a staggering 44% in 2025, as of this writing.
March was a brutal month, as it hit Tesla from all sides. Declining sales, leadership concerns, analyst downgrades -- you name it, and it was there.
Weak global sales numbers for February hammered Tesla stock in early March. While Tesla's sales fell across Europe in February, they tanked 76% year over year in Germany, according to Reuters. Australia reported a 66% drop in sales. Meanwhile in China, Tesla's domestic sales fell 11%, while exports from its Shanghai plant plunged 87% in February.
Source Fool.com
Tesla Inc Stock
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With a target price of 410 € there is a positive potential of 42.11% for Tesla Inc compared to the current price of 288.5 €.
