Tesla shares have plunged 44% in 2025, erasing hundreds of billions in market value and generating $11.5 billion in profits for short sellers, according to S3 Partners. CEO Elon Musk’s controver ...

The stock slump also followed news of the highest number of February job cuts since 2009, according to a report released Thursday morning by employment firm Challenger, Gray & Christmas.

That slump comes as sales of electric cars made by other brands rose in the Iberian country. Tesla sales in Spain mirror those in Europe generally, which plunged in the first four months of the ...