Tesla shares plunged 15.4 per cent by the end of Monday’s trading session. It was the largest single-day percentage decline since September 2020, when shares saw a decline of over 21 per cent in a single day. The fall in Tesla stock came as its chief Musk is facing questions about how much attention he is paying to his businesses while serving as an adviser to President Trump. Tesla car sales in Germany, Europe’s largest market for electric vehicles, fell by 76 percent in February compared with a year earlier, sounding alarm bells for the entire European market. UBS has also lowered its price target on the stock to $225 from $259, citing lower delivery forecasts for the first quarter it sees resulting from softer demand for Tesla’s Model 3 and Model Y vehicles. This contributed to the sell-off, along with broader concerns about the US economy facing a recession and a widening trade war amid President Trump’s tariff threats. On Monday, as Tesla shares fell, users of X reported widespread outages. Before that, last week, a SpaceX rocket exploded in Florida during launch, showering some places with debris. In response to the SpaceX explosion, he said on X: \”Rockets are hard.\”