Tesla is reducing Cybertruck production and reallocating some staff to Model Y lines, workers say. Tesla has delivered fewer than 50,000 Cybertrucks, according to a March 20 recall.
After years of being a high-flying stock with strong sales growth, it could be argued this is the worst investors have felt about Tesla (TSLA -5.06%) ever. While the EV maker still dominates the U.S. electric vehicle (EV) market in overall volume and market share, it also posted its first-ever global sales decline in 2024.
Tesla's electric-vehicle registrations in California dropped 15.1% during the first quarter, industry data showed, signaling an accelerated decline and growing challenges for the Elon Musk-led automaker in its biggest U.S. market. In California, often viewed as a bellwether for EV trends, Tesla's share has fallen to 43.9% from 55.
Elon Musk's Tesla has reportedly halted imports from China of car parts needed for its upcoming Cybercab and Semi electric truck due to the impact of President Trump's trade war with Beijing.
Investors interested in Automotive - Domestic stocks are likely familiar with General Motors (GM) and Tesla (TSLA). But which of these two stocks offers value investors a better bang for their buck right now?
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Tesla (TSLA), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2025.
Tesla registrations in California fell over 15% during the first quarter. It is the sixth consecutive quarter that Tesla registrations have fallen in the state.
Tesla Inc (NASDAQ:TSLA) has suspended the import of key components from China for its upcoming Cybercab and Semi electric truck projects in the US due to a sharp escalation in tariffs imposed by president Donald Trump, according to a Reuters report. The US raised tariffs on Chinese goods to a cumulative 145% in early April 2025, up from a previous 34%.
Energy storage is Tesla's fastest-growing unit but makes up just over 12% of revenues, too little to offset weakness in the core auto business (~75% of revenues).
After plunging nearly 50% from its December all-time high, the stock has shown surprising resilience in recent weeks. The bears have now failed twice to push it below $220, and that inability to break new lows is starting to look like the foundation of a technical double bottom.
The president's trade war has had unintended consequences.
After soaring in 2023 and 2024, shares of Tesla (NASDAQ:TSLA) have been battered for nearly three months now.