Tesla Market Value Drops Below $1 Trillion
Tesla, an electric car manufacturer based in the United States, announced that its market value has fallen below $1 trillion as a result of the loss of value in its shares due to the decline in sales in the European market. Tesla, owned by famous billionaire Elon Musk, saw its share price drop by 8,39% last Tuesday, falling to $302,8. This loss of value caused Tesla's market value to fall below the psychological threshold of $1 trillion.
Tesla's Place in Global Rankings
With this situation, Tesla ranked 973,96th among the most valuable companies in the world with a market value of $10 billion. This ranking also reveals how fierce the competition in the automotive sector has become.
Decline in European Sales
- According to data released by the European Automobile Manufacturers Association (ACEA), Tesla branded car sales decreased by 45,2% in January compared to the same period last year.
Analysts' Evaluations
Financial analysts say that the possibility of Donald Trump being re-elected in the US presidential elections to be held on November 5, 2024 has caused Tesla's popularity to decline. It is stated that with Trump's victory, many of the advantages Tesla gained have been lost. In this context, Tesla shares have lost approximately 25% of their value since the beginning of the year.
