Tesla’s Stock Volatility Amid Market Fluctuations

Tesla Inc., the electric vehicle giant owned by Elon Musk, witnessed a turbulent trading session on Wall Street on April 7. The stock opened to a significant decline, plummeting nearly 10% to a low of $215.60, down from the previous close of $239.43. However, as the day progressed, Tesla shares rebounded, peaking at $250.16 before settling at $234.81, reflecting a 1.93% decrease compared to the last trading day.

Market Recovery and Tesla’s Performance

This brief recovery in Tesla’s stock occurred during a broader upswing in the U.S. market. Despite the fluctuations, the company has generated impressive returns for its investors, boasting over 500% gains over the past five years and more than 30% in the last year alone.

• Current stock price: $234.81
• Previous close: $239.43
• Year-to-date loss: Over 40% in 2025
• Recent decline: More than 14% in the last five trading sessions

Concerns Over Tariffs and Trade

On the same day, Peter Navarro, the chief trade advisor to President Donald Trump, dismissed Elon Musk’s appeal for a “zero tariffs” policy between the U.S. and Europe. Musk’s request stems from Tesla’s reliance on imported parts, which are crucial for its operations.

Navarro commented, “While Elon is known as a car manufacturer, he primarily functions as an assembler.” This nuance highlights the challenges Tesla faces in a competitive global market.

Expert Insights on Future Trends

Stock market expert Anshul Jain, who leads research at Lakshmishree Investment and Securities, expressed concerns over Tesla’s stock trajectory. He noted that if the stock falls below $220, it could signal a bearish trend, with support levels potentially dropping to $182 and $138.

• Key support levels:
  • $220
  • $182
  • $138

According to Jain, the recent inability of Tesla to maintain a breakout above $440 from a lengthy consolidation phase has led to a sharp decline of 55%. The stock’s current narrow trading range suggests a possible continuation of this downtrend, indicating that without substantial market support, further declines could be on the horizon.

In summary, Tesla’s shares are navigating a complex landscape marked by market volatility and external pressures, particularly regarding trade policies. With significant investment returns in the past, the future remains uncertain as the company attempts to stabilize amidst these challenges.

For further updates and insights on Tesla and the electric vehicle market, stay tuned to our live stock market coverage.