The stock market's tumble has taken an outsize toll on technology stocks, particularly high-flyers like artificial intelligence stocks and stocks comprising the so-called magnificent seven, like Tesla.The S&P 500 tumbled 2.7%, an eye-catching drop.
Worse, though, was the 3.9% drubbing in the tech-laden Nasdaq 100. ⏰ Get expert insights and actionable trade alerts from veteran investing experts and hedge fund managers.
Join TheStreet Pro today and get first month FREE đź’¸Of course, that only tells some of the story. Individual stocks like Tesla were especially hard-hit. Tesla's stock price fell over 15%, a truly massive move for a stock of its size.
Elon Musk's Tesla has fallen on hard times in 2025 as sales slump.Richard Bord/Getty Images Deliveries drama delivers Tesla stock a drubbingTesla bears have gained control for a good reason.The electric vehicle maker pioneered luxury and performance-oriented EVs, but many of its core customers have bristled at mercurial CEO Elon Musk's decision to become a political lightning rod.
Related: Top analyst reworks Tesla stock price target amid global sales slumpAfter spending hundreds of millions to help President Trump secure the White House, Musk was appointed to run the Department of Government Efficiency (DOGE), which is tasked with rooting out wasteful government spending.Musk's decision to get political appears to have alienated many would-be Tesla buyers, not just in the United States.In Europe, registrations fell 76% in German.
