Tesla stock drops 15% in worst day since 2020, wiping out over $800 billion in market cap

From Nasdaq.: 2025-03-11 10:00:00

Tesla’s TSLA stock plummeted 15% on March 10, 2025, marking its worst day since 2020. The Nasdaq index also fell nearly 4%, its sharpest decline since 2022. Tesla’s longest losing streak since 2010 has wiped out over $800 billion in market cap, with a 50%+ drop from its peak.

Analysts downgraded Tesla’s delivery forecasts, causing further stock decline. UBS Group AG slashed Q1 estimates by 16%, predicting a 5% annual sales drop. Bank of America reported a 50% decline in European sales due to brand appeal and new model delays. Political controversies fueled reputation damage and sales slumps.

Investors fear Trump’s tariff plans could disrupt Tesla’s supply chain. Delays in tariffs on Canada and Mexico offer temporary relief. Tesla’s stock correction, though sharp, could present buying opportunities. Analysts forecast an average price target of $338.00, with potential for a 52.1% upside.

Tesla-heavy ETFs like NITE, XLY, and ARKQ are in focus amidst Tesla’s stock turbulence. Trump’s policies may indirectly benefit Tesla, particularly in autonomous vehicle deregulation. Investors should monitor these ETFs for diversified exposure and downside protection. Consider the TSLY ETF for income and Tesla stock exposure with limited gains.



Read more at Nasdaq.: Tesla Stock Suffers Worst Day Since 2020: ETFs in Focus