Tesla's market value drops below $1 trillion

The share price of Tesla, owned by American billionaire Elon Musk, fell 8.39 percent to $302.8 on Tuesday.

With the decline in its shares, Tesla's market value has fallen below $1 trillion.

Thus, Tesla ranked 10th among the most valuable companies in the world with a market value of $973.96 billion.

According to data released by the European Automobile Manufacturers Association (ACEA), Tesla branded car sales in Europe decreased by 45.2 percent in January compared to the same period last year.

Analysts stated that Tesla's popularity has decreased after Donald Trump won the presidential election held in the USA on November 5, 2024.

Tesla shares, which have lost most of the gains they made after Trump's election victory, have lost 25 percent of their value since the beginning of the year.