Tesla's Rough February: Shares Down 27% Amid Sales Woes and Recalls
Tesla's shares have struggled through a dismal February, with a 27% decline over the past month due to weak sales, disappointing earnings, and a major safety recall. The company has struggled to regain momentum after a series of losses in trading sessions, making it one of the automaker's worst months on record. Tesla's stock has been under pressure, with shares now down 13% in the past three months.
- The prolonged volatility in Tesla's stock may be indicative of a broader shift in investor sentiment towards electric vehicle manufacturers, highlighting the need for companies to demonstrate sustained growth and innovation.
- Can Tesla regain its footing by refocusing on product development and manufacturing efficiency, or will the company's recent struggles signal a longer-term trend in the automotive industry?