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Tesla Tumbles Most Since 2020 on Pullback in Sales Estimates
Monday’s drop in Tesla shares is the biggest intraday decline since January 2023.
Photographer: Na Bian/BloombergThis article is for subscribers only.
Tesla Inc. shares plunged to their worst day in more than four years, extending a slide in 2025 amid growing concerns on Wall Street about demand for the company’s electric cars.
Its stock tumbled 15% on Monday after UBS Group AG’s Joseph Spak cut delivery projections both for the first quarter and the full year. Robert W. Baird & Co. analyst Ben Kallo similarly lowered his estimates for Tesla deliveries on March 6.