Breaking 23:57 UK says RAF Fairford remains secure after US B-1 bomber withdrawal 23:45 ConocoPhillips sees oil prices stabilizing around $70 as global demand recovers 23:30 Morocco and GNV target 350,000 Italian ferry passengers under new three-year tourism partnership 23:20 Morocco strengthens FAR military mobility with 50 new HET A1 heavy transporters 23:15 Lockheed Martin expands focus on Morocco’s defense and industrial potential 23:10 Algeria caps retail potato prices at 90 dinars per kilogram 23:00 Electric cars gain ground across Europe as sales hit new highs in 2026 22:50 Morocco’s HACA examines social media’s growing influence on political communication 22:42 Apple tightens Mac data controls as AI agent risks grow 22:30 Mali: Army expands operations against armed group positions across the country 22:22 Honda prepares road tests for wireless charging of electric vehicles 22:05 Global port disruptions reshape trade routes and raise shipping costs 21:45 Israel ranks second worldwide for nation-state cyberattacks, Microsoft report finds 21:30 Casablanca set to host 2026 World Cup with elite fencers from more than 90 countries 21:15 Belgium scandal: Ben Weyts aide admits fabricating fake gay Muslim testimony 21:00 Denise Masson’s Marrakech home opens a new chapter as a museum of cultural dialogue 20:50 CARE Maroc reports 41,761 students reached through Miftah Anajah education program 20:45 Rolex watches become sought-after assets as secondary market prices climb 20:30 World Teachers’ Day: Morocco’s CDT Calls for Better Working Conditions and Stronger Professional Rights 20:20 London police warn over October 7 pro-Palestinian march near major universities 20:15 Morocco’s import and export unit values surge in the second quarter of 2026 20:00 France and Spain face strong antisemitism perceptions in new Israeli survey 19:45 Nobel Prize in Medicine honors American-German trio for groundbreaking brain research 19:30 Goldman's Sachs sees US data center expansion continuing despite local opposition 19:15 Plastic pollution costs Morocco nearly $1.2 billion a year, Greenpeace says 19:09 Gold could climb toward $5,330 an ounce in 2027 as investor demand grows 19:00 Gadi Moses calls for stronger security guarantees three years after October 7 18:45 US online holiday sales set to approach a record $275 billion 18:30 Hormuz shipping disruption raises fears of a global food security crisis 18:15 Morocco records more than 60,900 new business registrations in first seven months of 2026 18:00 Oriental hornet spread raises alarm among beekeepers in northern Morocco 17:50 At least 30 killed and dozens missing after boats collide on Congo River 17:45 Cameroon tightens mobile phone customs compliance as unregistered devices face network restrictions 17:30 Morocco’s 2027 budget faces test of PAM’s economic promises 17:15 China begins assembling its artificial sun in a new step toward fusion energy 17:03 Morocco pushes development and Africa to the heart of WTO reform 17:00 Turkey’s $17 Billion Fund Crisis Puts Financial Regulator Under Scrutiny 16:48 UN warns extreme heat is putting pregnancies and newborns at greater risk 16:45 Avengers: Endgame returns to the top of the global box office 16:30 Gaza strike kills Turkish NGO director as Israel alleges Hamas ties 16:23 Rubio says B-1 bomber withdrawal from UK base was not directly linked to recent incident 16:15 Iran urges US negotiations as Strait of Hormuz tensions remain high 16:05 Mohammedia launches Fdala Atlantic Triathlon with sport, inclusion and sustainability in focus 16:01 Morocco’s net international investment position deficit widens to 776 billion dirhams 16:00 Israel orders review of security measures for international flights after Flydubai attack 15:59 Enosis Expands Its Paper Range with the Launch of Olly 15:45 World’s leading causes of death remain dominated by cardiovascular diseases 15:38 Djokovic reaches Beijing final after Medvedev disqualification 15:30 Tangier Mayor Mounir Laymouri Jailed Amid Electoral Fraud Investigation 15:29 2030 World Cup Final: Senegal FA President Backs Morocco’s Bid 15:22 Abiy Ahmed reappointed as Ethiopia’s prime minister after election victory 15:15 Morocco coalition talks enter decisive phase as major parties back government participation 15:13 Akhannouch family expands investment footprint into Morocco’s tourism and hospitality sector 15:04 CAF changes interclub rules as clubs gain greater flexibility in player registration 15:03 Morocco to host fifth World Flamenco Congress with 14 performances across eight cities 15:00 Morocco Royal Tour: Anthony Bourquard claims Moulay El Hassan Grand Prix in Tetouan 14:42 Weight-loss drug research emerges as a leading Nobel medicine contender 14:33 FIFA ranking: Morocco loses two places following Mali stalemate 14:24 ISO releases 2026 quality management standard in Arabic 14:21 New Zealand declines to join NATO-backed defence bank 14:05 Only one in five Moroccan women participates in the labor market 13:45 Germany records a record number of retirees receiving social assistance 13:30 Morocco’s banks sustain growth as lending expands and bad debts rise 13:13 Ukraine’s external state debt rises sharply as reliance on foreign financing grows 12:50 Spain’s election brings housing, migration and Morocco ties into focus 12:40 Morocco discovers rare insects and a new species in the Rif Mountains 12:35 Former European Leaders Urge EU Action Over Israel’s E1 Settlement Project 12:21 China closes more than 670 banks as regulators accelerate financial-sector consolidation 12:10 Moroccan MP Mustapha Lakhsem announces death of his father 12:05 Euro falls to 17-month low as France’s fiscal and political risks unsettle markets 11:45 UK sees wealthy departures as tax changes reshape the business landscape 11:31 UN report places autonomy proposal at centre of new Moroccan Sahara talks 11:30 Portugal leaves Cristiano Ronaldo’s international return in his own hands 11:15 Drought puts Hungary’s paprika production under growing pressure 11:13 Three scientists receive 2026 Nobel prize in medicine for work on optogenetics 10:57 Quebec votes as independence debate returns to the political spotlight 10:40 Brazil presidential election: Flavio Bolsonaro edges Lula in surprise runoff showdown 10:25 Global warming linked to a significant rise in mortality, study finds 10:10 Sánchez calls snap election in Spain for November 29 10:03 Brazil heads to presidential runoff between Flávio Bolsonaro and Lula 09:47 Bank of Canada warns housing affordability remains a major challenge 09:36 Messi’s final Argentina appearance overshadowed by controversy over Benin’s preparations 09:32 Google to limit free access to Gemini AI models from October 9 09:15 Spain resumes deportation of Moroccan nationals through Ceuta after pandemic-era halt 09:00 Three ships collide off Norway with no injuries or reported environmental damage 08:54 Morocco coach Mohamed Ouahbi draws positives from Mali draw despite areas to improve 08:42 Morocco expands its role in African military training through NATO cooperation 08:23 Nearly half of Britons support returning to the European Union, poll finds 08:08 Morocco gains importance in DHL’s global logistics strategy

Tesla faces plunging stock prices amid broader tech market decline

Tuesday 11 March 2025 - 13:10
By: Dakir Madiha
Tesla faces plunging stock prices amid broader tech market decline

Tesla, the electric vehicle manufacturer, is facing significant turbulence in the financial markets. Its stock plummeted over 15% on the New York Stock Exchange, wiping out approximately $130 billion in market capitalization in a single session. This sharp decline marks a critical turning point for Elon Musk's company, whose valuation has halved since December, now standing at roughly $700 billion.

Broader tech market downturn

This sharp decline is not isolated to Tesla; it reflects a wider trend of declining tech stocks on Wall Street. The Nasdaq index, heavily weighted towards technology, recorded a 4% drop, impacting major players such as Meta (-4.42%), Microsoft (-3.34%), Alphabet (-4.41%), Apple (-4.85%), Amazon (-2.36%), and Nvidia (-5.07%). These movements signal investor concerns over a potential economic slowdown in the United States.

Declining sales in key markets

Tesla is also grappling with a significant decrease in sales across several crucial markets. In China, the figures are alarming: only 30,688 vehicles were sold in February, marking a 49% decline compared to the previous year. This decline occurs against the backdrop of a booming Chinese market for "new energy vehicles," which includes electric and hybrid cars, that has seen an 82% increase overall. In Europe, the situation mirrors this downturn; despite a 34% rise in overall electric vehicle registrations, Tesla's sales have halved. In France, the brand has recorded a 26% drop in sales, while the UK stands out with a 21% increase.

Image tarnished by Musk's controversial choices

Beyond commercial performance and stock trends, Tesla's public image has also suffered due to Elon Musk's controversial stances. His association with Donald Trump and political engagements have sparked mixed reactions among consumers. Calls for boycotts of the brand are multiplying, particularly in Europe, where some owners express discomfort with Musk's outspoken opinions.

What lies ahead for Tesla?

Despite these challenges, Tesla maintains its position as the global leader in electric vehicles, thanks to its technologically advanced models and competitive pricing. The company is banking on a product refresh, including the anticipated launch of more affordable models and its robotaxi in 2025. However, competition is intensifying, with numerous new entrants emerging in the electric vehicle sector. Tesla's ability to rebound will hinge on its capacity to meet market expectations and revive its image among consumers.

 

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