The bad luck continues: Tesla's actions are still falling with an increasing bang. On Monday at 19:00 Polish time you had to pay for it 225 dollarswhich means a decrease by a 14.5 percent Thus, they were at the lowest level from the day preceding the presidential election. Moreover, from a record closing of $ 479 from December 17 have already dropped by over 50 percent. Only from the beginning of March the value of Tesla's shares fell by about 18 percent.
Where did the exit come from? “The New York Times” indicates that several factors affect it. Tesla's actions grew out of hope that the proximity of Elon Musk with President Donald Trump would make the regulations related to the production of electric cars to be reduced. Meanwhile This “proximity” pulls the company down. First of all, the billionaire became more involved in politics than managing the company, which investors see. Secondly, Donald Trump is not a popular politician Especially in Europe, where, in addition to very aggressive protests (e.g. arson of Tesla stores), Europeans oppose new American administration, just giving up Elon Musk's cars.
Sales are falling: In Europe, Tesla has only one factory – in Germany, between Berlin and the border with Poland. Although the plants increased their production capacity, and the number of newly registered electric cars in February was higher than a year ago, Elona Muska sold in Germany last month less than a quarter of what in February last year. Tesla sales fell last month in this country by as much as 76 percent.
Elon Musk loses: Tesla's terrible results are also reflected at Elon Musk. Bloomberg Billionaires Index reports that from the beginning of the year Musk has already lost $ 103 billion. Every day it will lose millions of dollars, including due to the decrease in the value of his companies. However, he still remains the richest man in the world with property estimated at $ 330 billion.
Donald Trump pulls down? Interestingly, the decrease in Tesla's action is part of a larger trend weakening the so -called Trump's papers or Trump transactions. I am talking about companies that were to gain on its presidency. “Many key trends on financial markets in the preceding period and immediately after the US election in November last year was inhibited or partially reversed since President Trump took office last month. In other words, the narrative of 'Trump trade', which dominated in many markets in the fourth quarter,” he wrote in the note last week. Goltermann, deputy chief economist for markets at Capital Economics. This is due to, among others From the announcement of the trade war that Donald Trump wants to call.
Sources: The New York Times, Bloomberg Billionaires Index, finance.yahoo.comIAR, STOOQ.PL