Top 20 in US Stock Trading Volume: Tesla Is Bearishly Viewed by Multiple Brokerage Firms, and Its Share Price Plummets by 15.43%
Magical Investor
March 11, 2025
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On Monday, Tesla, the stock with the highest trading volume on the U.S. stock market, closed down 15.43%. Its share price has dropped by more than 50% from its all-time high, with a trading volume of $42.872 billion.
It is reported that "anti-Musk" demonstration activities have broken out in many places in the United States, and Musk's social media platform X has also been subject to large-scale cyberattacks, leading to frequent outages.
Since Musk served as a senior advisor to the Trump administration, Wall Street no longer seems to be optimistic about Tesla's prospects. UBS, JPMorgan Chase, Goldman Sachs and other institutions have successively lowered its target price.
UBS significantly reduced Tesla's vehicle deliveries in the first quarter of 2025 to 367,000 units, a year-on-year decrease of 5% and a sequential decrease of 26%. UBS pointed out that the European and Chinese markets have become the "hard-hit areas" for the decline in Tesla's delivery volume. Tesla's sales volume in Europe was halved in January, and its sales volume in Germany plummeted by 76% in February. Tesla's sales volume in China in February was also dismal, and its market share dropped to the 11th place.
UBS also said that the weakening trend of Tesla's overall global demand is difficult to reverse.
UBS and Redburn Atlantic reaffirmed their sell ratings on Tesla due to the low delivery forecast for the Model Y and the lack of recent growth catalysts. UBS lowered Tesla's target price by $24 to $225, while Redburn was more pessimistic, with a target price of $160.
The second-highest trading volume stock, Nvidia, closed down 5.07%, with its share price hitting a six-month low, and the trading volume was $38.906 billion. The market is still concerned that low-cost AI development methods may reduce the demand for high-end chips, which are the main source of revenue for companies like Nvidia.
Apple, ranking third in trading volume, closed down 4.85%, with a trading volume of $16.293 billion. Apple recently postponed indefinitely the update time of the Siri digital assistant function it previously promised. The company said that the functions announced last June, including Siri's ability to answer questions using users' personal information and to control applications more precisely, will now be released sometime in the "coming year". Although the iPhone maker did not set a launch deadline for these functions before, the original plan was to launch them in the iOS 18.4 software update in April this year.
In addition, informed sources said on Monday that Apple and Meta Platforms will face modest fines for allegedly violating a landmark regulation aimed at curbing their power. Since last year, the two companies have been under the surveillance of the European Commission because they may have violated the Digital Markets Act, which could result in the companies losing up to 10% of their global annual sales.
Meta Platforms, ranking fourth in trading volume, closed down 4.42%, with a trading volume of $12.753 billion. It is reported that Meta Platforms will face modest fines for allegedly violating a landmark regulation aimed at curbing its power, and the company could lose up to 10% of its global annual sales.
Microsoft, ranking fifth in trading volume, closed down 3.34%, with a trading volume of $12.442 billion. Wolfe Research predicts that Microsoft's share price will drop by another 20%. Analysts from the institution pointed out that Microsoft's share price is at a critical technical level, and if it fails to hold the current support level, it may lead to further decline.
Palantir, ranking seventh in trading volume, closed down 10.05%, with a trading volume of $10.419 billion. Currently, the stock has dropped by 38.7% from its recent high set on February 18.
Broadcom, ranking eighth in trading volume, closed down 5.39%, with a trading volume of $8.102 billion.
MicroStrategy, ranking ninth in trading volume, closed down 16.68%, with a trading volume of $7.686 billion. Bitcoin fell below $80,000 on Monday, and related concept stocks fell across the board.
In addition, it is reported that Strategy announced a plan to raise an additional $21 billion for the purchase of bitcoin on Monday, but the company continues to postpone its action of buying more cryptocurrencies.
The largest corporate holder of bitcoin said on Monday that it plans to sell up to $21 billion worth of Series 8A perpetual exercisable preferred stock, similar to the company's plan launched in October 2024 to sell up to $21 billion worth of common stock.
Alphabet's Class A shares, ranking tenth in trading volume, closed down 4.49%, with a trading volume of $7.196 billion. The product safety regulator of the Australian Competition and Consumer Commission (ACCC) issued a "project safety recall" notice for Google's Pixel 4a mobile phone last Friday (March 7). The notice confirmed that Google's previously released battery performance update was to "reduce the risk of battery overheating". When this update was initially announced in January, the specific reason was not clearly stated, and the recall notice this time revealed the purpose behind it.
Eli Lilly, ranking twelfth in trading volume, closed down 4.58%, with a trading volume of $4.991 billion. Eli Lilly's Chief Financial Officer Lucas Montarce said at the Leerink Partners Global Healthcare Conference on Monday that Eli Lilly plans to launch its blockbuster diabetes drug Mounjaro in countries such as China, India, Brazil and Mexico by 2026.
Alibaba, ranking fourteenth in trading volume, closed down 5.75%, with a trading volume of $4.385 billion. Popular Chinese concept stocks generally fell on Monday, and the Nasdaq Golden Dragon China Index dropped by 3.59%.
Applovin, ranking seventeenth in trading volume, closed down 11.98%, with a trading volume of $4.06 billion. Due to its failure to be included in the latest S&P 500 index adjustment list, the share prices of Coinbase and Applovin fell sharply. Previously, both companies were regarded as popular candidates.
#$Tesla Inc. Common Stock(TSLA)#$Nvidia Corp(NVDA)#$Apple Inc.(AAPL)#$Coinbase Global Inc. Class A Common Stock(COIN)#$Applovin Corporation Class A Common Stock(APP)#$Alibaba Group Holding Limited American Depositary Shares each represents eight Ordinary Shares(BABA)#$Eli Lilly & Co.(LLY)#$MicroStrategy Inc(MSTR)#$Broadcom Inc. Common Stock(AVGO)#$Palantir Technologies Inc. Class A Common Stock(PLTR)#$Microsoft Corp(MSFT)