Tesla's China Sales Halved in February, Stock Hits Four-Month Low!

TradingKey - Tesla's sales in China nearly halved in February, with its stock price plummeting 28% this year. New U.S. tariffs are expected to further impact the company's performance and stock price.  

On Tuesday, Tesla continued its downward trend, falling over 4% to $272, hitting its lowest level since November 5 last year. Year-to-date, Tesla's stock price has dropped by 28%.

Tesla Stock Price Chart, Source: Google.

According to data released by the China Passenger Car Association (CPCA), Tesla's sales in China in February were approximately 30,000 units, a nearly 50% decrease compared to 60,000 units in the same period last year and a sharp drop of over 50% from 63,000 units in January this year.

Moving forward, Tesla will face the impact of new tariff policies implemented by President Trump. On March 4, U.S. tariffs targeting Canada and Mexico took effect, and some of Tesla's key suppliers are located in these two countries.

Additionally, Tesla CEO Elon Musk holds multiple roles in other companies or departments, such as SpaceX, xAI, X, and DOGE, which may continue to divert his attention away from Tesla.