
Tesla (TSLA) stock has been navigating company-specific issues as well as broader macroeconomic challenges. The political involvements of CEO Elon Musk, who is leading the Department of Government Efficiency (DOGE), have also weighed on shares. As a result, the stock is down more than 50% from its December 2024 peak.
Tesla remains a key player in the electric vehicle (EV) market, which saw a record 17.1 million units sold globally in 2024, a 25% increase from the previous year. However, Tesla’s market share has faced pressure due to rising competition, especially from Chinese automakers, and issues like price cuts and production delays.