Tesla's stock has dropped 40% with stagnant sales growth and competition in Europe.

From Nasdaq: 2025-03-01 08:20:00

Tesla CEO Elon Musk has been in the news for his involvement in the new Department of Government Efficiency (DOGE) and political affairs, while Tesla’s stock has dropped 40% from its December high.
Tesla remains a profitable electric vehicle maker, but struggles with sales growth and faces competition in Europe, where its sales have dropped while competitors like China’s BYD Co. are gaining ground.
Despite Tesla’s potential future plans like a "robotaxi" service, its current revenue relies heavily on car sales, which have been stagnant, leading to concerns about the stock’s high valuation.
Analysts are cautious about investing in Tesla due to its high price-to-earnings ratio and stagnant sales growth, recommending against considering it a millionaire-maker opportunity.

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