Tesla shares fall sharply

 

 

Shares of the company plunged ahead of Tesla's first quarter results. Experts warned that the company could face a major crisis along with revenue. Concerns about the company were reflected in the market. Elon Musk's political interests have led to widespread criticism among ordinary people. Elon Musk's actions as part of the Trump administration and the uncertainty surrounding the launch of a low-cost electric vehicle have all contributed to the decline in Tesla shares.

Musk should step back from the controversial walls in the efficiency department and refocus on car manufacturing, said Wedbush Securities analyst Dan Ives. Experts said that Tesla is facing a crisis as its first-quarter results are set to be released on Tuesday. Tesla is Musk and Musk is Tesla. The damage Musk's actions have done to the Tesla brand is enormous. Experts say this will be clear if you talk to customers in the US, Europe and Asia. Tesla shares were down 6 percent at 9:56 am on Monday. The sentiment against Musk has led to a slowdown in the company's global sales. Therefore, the stock has fallen by about 44 percent this year.