Tesla stock is down 10% due to global sales declines and concerns about Elon Musk's impact

From Yahoo Finance: 2025-04-04 13:48:00

Shares of Tesla (NASDAQ: TSLA) are down 10% as the S&P 500 and Nasdaq Composite both lost over 5%. J.P. Morgan analyst Ryan Brinkman cut his earnings estimates, citing Tesla’s Q1 delivery report of 336,681 units, the worst since 2022. Global sales are plummeting, raising concerns about Elon Musk’s impact on the company.

Brinkman believes Musk’s political involvement has damaged Tesla’s brand. Musk may be stepping down from his role in the Trump administration to focus on Tesla. Shareholders are worried about Tesla’s future, with its valuation being called into question. The company’s stock is struggling amid global sales declines and Musk’s public profile.

An expert team of analysts is issuing “Double Down” stock recommendations for companies they believe are about to pop. Historical data shows significant returns for companies like Nvidia, Apple, and Netflix if investors had followed their recommendations in the past. The team is currently highlighting three promising companies for potential investment opportunities.

Read more: Why Tesla Stock Is Crashing Today — It’s Not Just Trump’s Tariffs