Elon Musk-led Tesla saw a sharp decline in its share price on March 10, crashing over 15 percent to record their worst day in more than four years. The company lost a whopping $125 billion in market capitalisation in one day as a result of the selloff. This one-day loss in Tesla stocks is higher than the combined valuation of Indian automakers Maruti Suzuki, Tata Motors and Mahindra &Mahindra (M&M) The crash in Tesla’s share price comes amid a broader selloff in the US market. UBS Group AG’s Joseph Spak reduced his delivery projections for Tesla in FY26, as well the first quarter of the upcoming financial year. He maintained his ‘Sell’ rating on the stock and reduced the target price to $225 per share from the earlier $259 apiece. Some market experts also anticipate that the delay in receiving approval for introducing Tesla’s semi-autonomous features in China will also negatively impact the company’s stock price. Also, the decline in sales in Europe and China, amid US President Donald Trump’s harsh tariffs, also is expected to affect the automaker.