Tesla Leads Trading Volume Despite 28% Decline Amid Recall and Expansion Hurdles

On March 28, 2025, Tesla's trading volume reached $32.69 billion, a decrease of 28.13% from the previous day, making it the highest trading volume of the day. Tesla's stock price fell by 3.51%.

Tesla's stock price has been volatile due to recent developments. The company's decision to recall 2 million vehicles in China has raised concerns among investors about the potential impact on its sales and reputation. The recall, which affects several models including the Model 3 and Model Y, is due to issues with the vehicles' braking systems. Tesla has stated that it will replace the affected parts at no cost to customers, but the recall has still caused uncertainty in the market.

Additionally, Tesla's plans to expand its production capacity in Texas have been met with resistance from local communities. The company's proposed Gigafactory in Austin has faced opposition from residents who are concerned about the environmental impact of the project. This has led to delays in the construction process, which could affect Tesla's ability to meet its production targets.

Despite these challenges, Tesla remains optimistic about its future prospects. The company has recently announced plans to invest in new technologies, including autonomous driving and energy storage solutions. These investments are expected to drive growth in the long term, although they may also result in short-term volatility in the stock price.