Tesla's yoyoing shares have fallen almost 6% after news broke of low European sales and concerns about new Trump administration auto tariffs, which have been confirmed to be set at 25%.
Earlier this week, the European Automobile Manufacturers’ Association released new numbers showing that Tesla had seen a 40% year-over-year drop in new vehicle registrations in Europe last month, while February overall battery electric vehicle sales were up 28%.
Cause for further concern was talks of new auto import tariffs being implemented by U.S. President Donald Trump, which he confirmed this morning would be going ahead and set at 25% “for all cars that are not made in the United States.”
2025 has seen Tesla's stock in upheaval, with stock gaining or losing at least 5% across 14 separate days, largely downward, however, since Inauguration Day in January when Tesla CEO and founder, Elon Musk, joined Trump for his second term in office.
On Wednesday, Tesla stock reached a day low of $266.5 and a day high of $284.9. Tesla's market cap stands at $875.09 billion.
