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+--- Thread: Tesla saw large decreases in its stock price In April 2024, the company announced it (/showthread.php?tid=34023)
Tesla saw large decreases in its stock price In April 2024, the company announced it - luxurystorecc1 - 08-15-2025
Tesla saw large decreases in its stock price
In April 2024, the company announced it was laying off 10% of its employees. In June, the company moved its incorporation from Delaware to Texas. In October, the company unveiled a concept version of two autonomous vehicles – the Cybercab and Robovan – and detailed that both would be an integral part of a Tesla ridehailing service called the Tesla Network,a future service they had previously teased in 2019.
In December 2024, a Delaware court rejected Elon Musk's $56 billion pay package from Tesla, ruling that it was not properly approved by the company's board. The decision arose from a lawsuit by Tesla shareholders who claimed the compensation was excessive and not aligned with performance metrics.
By February 2025, Tesla saw large decreases in its stock price and sales across Europe widely attributed to Elon Musk's political advocacy and embrace of far-right politics.[94] Polling found that Musk's ties to United States President Donald Trump and his Department of Government Efficiency were strongly correlated to decreasing views of Tesla,[95][96] and triggered multiple protests, vandalism, gunfire, and arson at Tesla stores and charging stations.[97][98] By March 7, Tesla's stock had decreased every week for seven straight weeks since Musk joined the Trump administration, making it the longest losing streak for Tesla in 15 years as a public company.[99] On March 29, over 200 protests against Tesla were held worldwide.
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