By Hannah Erin Lang
Tesla shares just can't catch a break.
The stock is down nearly 7% today, making it one of the biggest losers in today's selloff.
It's been a difficult year for the tech companies of the Magnificent Seven, as investors pivot away from risk and send growth stocks tumbling. But the last few months have been particularly punishing for Tesla: shares have erased all of their post-election gains and have plummeted 44% in 2025 so far.
The electric vehicle maker is grappling with slower sales and a damaged brand, as CEO Elon Musk's prominent role in the Trump administration alienates some left-leaning customers. The company is set to report earnings tomorrow. Analysts are expecting a year-over-year drop in profits, FactSet estimates show.
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(END) Dow Jones Newswires
April 21, 2025 12:56 ET (16:56 GMT)
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