Tesla rains 36% in the first quarter, the worst performance since 2022

Tesla’s The actions have just been combined with the worst quarter since 2022 and suffered their third fall in the company’s 15 years in the public market.

The actions of the electric vehicle manufacturer fell 36% in the first three months of the year.

The last time Tesla had a worse stretch was at the end of 2022, when the action shouted 54%. That quarter included the CEO Elon Musk’s rebate Of more than $ 22 billion of Tesla shares to finance their $ 44 billion Twitter acquisition, later renamed X Friday X. Lamb has acquired x In an agreement that values ​​the social media company at $ 33 million.

The fall of the first quarter of Tesla ended with more than $ 460 million in market lid. Most of the quarter is overlapping Musk’s time in the second Trump administration, giving an effort to reduce government spending and regulations and end tens of thousands of federal employees.

Musk leads what is known as the Government Efficiency Department or Dog. From Monday, DOGE website stated that, until March 24, the program had obtained $ 140 million in reductions in federal expenses, a number equal to less than a third of the Loss of Tesla assessment in the first trimester.

“My Tesla Stock and the Stock of all Tesla have gone, they went about half,” said Musk on Sunday night in a rally that retained Green Bay, Wisconsin, to promote the right -wing judge who supported the Supreme Court election on Tuesday. “This is a very expensive job is what I say.”

The DOGE website contained Numerous mistakes Previously, the group revised their own claims about their savings. And many of the allegations of Musk on waste, fraud and abuse in the federal budget have also been shown to be misleading or false.

Musk recently said in a Fox News Interview with Bret Baier, who and DOGE plans to reduce $ 1 trillion from total federal expenditure until May.

Musk’s role in White House is a factor that weighs in Tesla actions as it contributes to the waves of protestsBoicots and violent attacks on Tesla shops and vehicles around the world. President Trump’s car rates are also a concern, as they involve the main providers of Tesla, especially Mexico and China. The rates rates caused a wider sale in technological shares, and Nasdaq closed the 10%quarter, its largest fall since 2022.

Tesla faces other heads, such as a sharp decrease in sales of new vehicles, and the pressure to fulfill the promises of Musk for robotax, while rivals extend leadership to the market.

Musk has said that Tesla will launch a non -driver business in Austin, Texas, in June, but some analysts are manifesting skepticism of the company’s ability to achieve this.

For about a decade, Musk has promised that existing Tesla cars can become a robotax vehicles with a more software update. To the company Fourth Quarter Results CallMusk said that a next version of Tesla’s complete driving software will also require a hardware update.

Although the fall of the actions of the first quarter has been painful for shareholders, they have experienced similar volatility in the recent past. At her First quarter of 2024Shares caused 29% due to decrease in cars and greater competition. But the shares met the rest of the year to finish 63%.

“In the long term, I think Tesla’s actions will be good,” Musk said at Green Bay’s rally. “So, you know, maybe it’s a shopping opportunity.”

Clock: How to cut federal workers affect the Government