Tesla ranked first in U.S. stock trading volume on Monday, closing down 15.43%. The stock has now fallen more than 50% from its historical high, with a trading volume of $42.872 billion.
According to reports, anti-Musk demonstrations erupted in multiple locations across the United States, while Musk’s social media platform, X, suffered large-scale cyberattacks, leading to frequent outages.
Since Musk took on an advisory role in the Trump administration, Wall Street’s outlook on Tesla has dimmed. UBS, JPMorgan Chase, and Goldman Sachs have all lowered their target prices for the stock.
- UBS predicts Tesla’s deliveries in Q1 2025 will reach 367,000, a 5% year-over-year decline and a 26% drop from the previous quarter. The firm highlighted that Europe and China have become Tesla’s primary markets, but demand has weakened significantly:
- Tesla’s European sales were halved in January.
- German sales plummeted 76% in February.
- Chinese sales also struggled, with Tesla’s market share dropping to 11th place.
- UBS believes Tesla’s weak global demand will be difficult to reverse.
- UBS and Redburn Atlantic reiterated their sell ratings, citing disappointing Model Y deliveries and a lack of near-term growth catalysts.
- UBS lowered Tesla’s price target to $225, while Redburn set a more bearish target of $160.
Other Top U.S. Stocks by Trading Volume:
2. Nvidia (NVDA)
- Stock Price Change: -5.07% (six-month low)
- Trading Volume: $38.906 billion
- Investors remain concerned that low-cost AI development could reduce demand for high-end chips, a key revenue driver for Nvidia.
3. Apple (AAPL)
- Stock Price Change: -4.85%
- Trading Volume: $16.293 billion
- Siri AI Update Delayed: Apple has indefinitely postponed the iOS 18.4 Siri AI update, originally expected in April 2025.
- Regulatory Fines: Apple and Meta are reportedly facing fines under the European Digital Markets Act, potentially amounting to 10% of their annual global sales.
4. Meta Platforms (META)
- Stock Price Change: -4.42%
- Trading Volume: $12.753 billion
- Regulatory Challenges: Meta is facing regulatory scrutiny from the European Commission for possible market dominance violations.
5. Microsoft (MSFT)
- Stock Price Change: -3.34%
- Trading Volume: $12.442 billion
- Bearish Outlook: Wolfe Research predicts that Microsoft could decline another 20%, warning that the stock is at a critical technical support level.
7. Palantir (PLTR)
- Stock Price Change: -10.05%
- Trading Volume: $10.419 billion
- Recent Decline: The stock has dropped 38.7% from its February 18 high.
8. Broadcom (AVGO)
- Stock Price Change: -5.39%
- Trading Volume: $8.102 billion
9. Strategy (MSTR)
- Stock Price Change: -16.68%
- Trading Volume: $7.686 billion
- Bitcoin Impact: Bitcoin dropped below $80,000, leading to a broad sell-off in crypto-related stocks.
- Capital Raise: Strategy announced plans to raise $21 billion for Bitcoin purchases but continues to delay additional acquisitions.
10. Google (GOOGL)
- Stock Price Change: -4.49%
- Trading Volume: $7.196 billion
- Safety Recall: The Australian Competition and Consumer Commission (ACCC) issued a safety recall for Google Pixel 4a over concerns about battery overheating.
12. Eli Lilly (LLY)
- Stock Price Change: -4.58%
- Trading Volume: $4.991 billion
- Global Expansion: Eli Lilly plans to launch Mounjaro, its blockbuster diabetes drug, in China, India, Brazil, and Mexico by 2026.
14. Alibaba (BABA)
- Stock Price Change: -5.75%
- Trading Volume: $4.385 billion
- Chinese Stocks Drop: The Nasdaq Golden Dragon China Index fell 3.59%, leading to broad sell-offs in Chinese tech stocks.
17. Applovin (APP)
- Stock Price Change: -11.98%
- Trading Volume: $4.06 billion
- S&P 500 Exclusion: Applovin and Coinbase fell sharply after failing to be included in the latest S&P 500 index adjustments.
19. Coinbase (COIN)
- Stock Price Change: -17.58%
- Trading Volume: $3.485 billion
