Why These 15 Electric Vehicle Stocks Are Plunging in 2025

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9. Tesla Inc (NASDAQ:TSLA)

Number of Hedge Fund Holders In Q4 2024: 126

Tesla Inc (NASDAQ:TSLA) is a household name, so there’s little need for an introduction.

The stock is down significantly so far in 2025 due to weak global sales, particularly a 59% decline in Germany and an 11.5% drop in China year-over-year.

Concerns about Elon Musk’s growing involvement with the U.S. Department of Government Efficiency (DOGE) also raised doubts about his focus on Tesla.

UBS downgraded Tesla’s vehicle delivery forecast for 2025 to 1.7 million units, adding to investor anxiety and Elon Musk’s close ties with President Donald Trump and his controversial political activities alienated a significant portion of Tesla’s customer base, particularly Democrats who previously supported the brand.

Tesla reported its first annual sales decline in 2024, with a 1% drop year-over-year. In the first quarter of 2025, vehicle deliveries are expected to hit a two-year low.

The consensus price target of $317.75 implies 23.87% upside.

TSLA stock is down 37.05% year-to-date.

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