Tesla Stock Falls for 7th Week in a Row

Key Takeaways

Tesla (

TSLA

) shares ended the week 10% lower, in their seventh straight week of declines.

Since closing at a record high of $479.86 on Dec. 17, the stock has lost nearly half of its value, closing Friday at $262.67. It’s also given back nearly all its post-election gains.

The electric vehicle maker has seen its share price fall every week since President Trump’s inauguration in January, amid
souring brand sentiment
with CEO
Elon Musk
leading efforts to trim government spending as part of his role in the new
Department of Government Efficiency
.

This week’s losses also came amid worries about slowing sales in China and
declining registrations
in Europe, as well as widespread market uncertainty around tariffs.

Tariffs on Canada and Mexico, which Trump imposed this week before later
announcing delays
, could “pose significant risk” to North American automakers
including Tesla
, Bank of America analysts said recently.

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