Tesla shares slide amid market sell-off on recession worries, tariff uncertainty
Published On Mar 10, 2025, 5:45 PM
Tesla shares plummeted by 15.4% amid broad market sell-off driven by recession fears and uncertainties related to tariff policies. The company’s stock has dropped over 41% year-to-date, losing more than half its market cap since its all-time high in December 2024. Concerns arose following UBS's downgrade in Tesla's delivery forecasts and a general downturn in the electric vehicle industry. The auto sector is also facing headwinds due to the current administration's lack of support for EV incentives, which previously aided Tesla and other competitors.
Stock Forecasts
TSLA
Negative
Given the recent sharp decline in Tesla's stock and the prevailing market uncertainty surrounding economic conditions and tariff policies, the stock may continue to face headwinds. The downgrade in first-quarter delivery expectations and fears of a potential recession contribute to a bearish outlook.
Related News
Nvidia, Tesla slammed as 'Magnificent 7' names lead market lower in Monday washout
Mar 10, 2025, 4:10 PM
The "Magnificent Seven" stocks were at the center of a sell-off in markets on Monday as investors continue to take risk off the table.
Stocks in the US and Asia fall as fears grow over economic slowdown
Mar 10, 2025, 4:27 PM
The president said the US was in a "period of transition", when asked about a potential recession.
Stock market today: Dow sinks 900 points, Nasdaq plunges 4% in worst day since 2022
Mar 10, 2025, 4:39 PM
US stocks looked set to build on losses of over 2% for the major indexes as March's struggles looked to continue.