Maria Irene Jordão, Global Analyst at XP, participated in the program Morning Call from XP This Monday (24), and said that the rally of Tesla actions verified shortly after the Trump election in November last year was lost this year.
According to her, the market expected to be beneficial to approach Tesla’s CEO Elon Musk with US President Donald Trump.
Negative news
“But we see that since Trump’s inauguration, Tesla’s action has had a fall of almost 40% and returns to the level of before last year’s elections,” he said.
Negative news has also hit Tesla, as was the case with recall, due to a manufacturing defect, the Cybertruck pickup. “The model was already presenting other problems. It is a reputational risk very relevant to the brand,” he said.
In addition, due to the Elon Musk association with the Trump government, there has been a number of protests and vandalisms at Tesla units and vehicles in the US, the analyst reports. “This has negatively affected the company’s shares and inhibiting the purchase of Tesla vehicles,” he said.
Global GDP
Maria Irene Jordão also commented on the fears of global growth. It is that the import tariffs imposed or to be imposed by the Trump government pose a risk not only to the United States, but on the world.
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The OECD (Organization for Economic Cooperation and Development) reduced the projection of Global GDP this year from 2.4% to 2.2% and next year, from 2.2% to 1.6%.
“There are fears that tariffs affect global trade and consequently global GDP,” he said.
