Tesla's stock has seen an 18% decline year-to-date in 2025, making it the weakest performer among the 'Magnificent 7' tech companies. The downturn is attributed to reduced EV incentives and broader market uncertainties, despite a 31% increase since the early-November U.S. presidential election. Investors are advised to monitor key technical indicators and price levels for potential shifts in momentum.
Tesla's shares fell nearly 8% following a 45% drop in European EV registrations in January 2025, amid concerns over CEO Elon Musk's focus on other ventures and political affiliations, alongside broader market challenges.
Tesla introduces the redesigned Model Y SUV, named 'Juniper', featuring updated aesthetics, improved efficiency, and enhanced performance. Set for delivery in March 2025, the new model aims to bolster Tesla's position in the competitive electric vehicle market.
Elon Musk takes on a pivotal role in the incoming Trump administration by co-leading the new Department of Government Efficiency. Tasked alongside Vivek Ramaswamy, the department aims to reduce government bureaucracy and spending. This move follows Musk's substantial support for Trump's campaign. The unconventional department has drawn both optimism and criticism regarding potential benefits to Musk's business ventures and concerns over conflicts of interest.