India, March 11 -- Tesla Inc shares witnessed the largest single-day decline in its price since September 2020 due to growing concerns on Wall Street about demand for its electric vehicles (EVs).

The billionaire Elon Musk-led company's shares closed 15.43% down, reaching $222.15 on the Nasdaq on Monday, March 10, 2025. This was a decline of $40.52.

In 2025 alone, it fell a staggering 45%, losing all gains since Donald Trump, whom Musk is a fierce supporter of, won the November US presidential election, according to a Bloomberg report.

A prime reason why the company's shares have been losing value boils down to it struggling in China, the world's largest EV market, to keep up with domestic giant BYD Co.

Tesla shipments from the company...