Piper Sandler analyst Alexander Potter took a look at Tesla's self-driving technology ahead of a planned robotaxi launch in June. What he found might concern investors.
New Tesla car sales plunged across Europe in April even as sales of other electric vehicle brands soared, in part due to backlash against CEO Elon Musk's support for Europe's far-right politics, as well as growing competition from both European and Chinese EV carmakers, according to Reuters.
I thought Elon Musk might have to leave Tesla, Inc. to avoid further hurting its brand, and some directors might have thought likewise. But instead, Musk is reducing his DOGE activities. Meanwhile, Musk's politics have hurt Tesla's brand, and at a time when competition is rising and economic activity is wobbling, as is the future of government support for EVs. But Wall Street seems to have forgiven and forgotten. Despite protests, disappointing TSLA financial results and laughably high valuations, TSLA is trouncing other Magnificent 7 stocks and the QQQ ETF.
Tesla (TSLA) shares slid Tuesday, extending Monday's decline as bad news continues to pile up about the electric vehicle giant's sales in Europe.
A surge in trading of so-called “zero days to expiry” — or “0DTE” — options has taken financial markets by storm over the past few years. Their rise has contributed to a boom in options trading that has drawn in both sophisticated investors and amateur speculators.
Tesla Inc (NASDAQ:TSLA) saw UK new car sales in April fall 62% year-on-year despite a rise in overall battery electric vehicles in the month. The US EV company sold just 536 new cars in Britain, down from over 1,400 in the same month a year ago to what was a two-year low.
Elon Musk has long been credited with turning Tesla into a beacon of innovation, the visionary who pushed the world into an era of electrification. But his slide into politics — specifically his alignment with President Trump and activities within the federal government — has dragged Tesla into uncertainty.
Tesla (TSLA -1.46%) stock is moving lower following new European sales tracking data. The electric vehicle (EV) company's share price was down 2.5% as of 2 p.m.
Tesla sales fell by up to 81% in some key European EV markets in April, signaling a major downturn. Growing competition from rivals like China's BYD have affected Tesla sales.
Tesla's new car sales in Spain fell 36% in April to just 571 vehicles year-over-year, Reuters reports. That slump comes as sales of electric cars made by other brands rose in the Iberian country.
Both General Motors and Tesla are navigating economic uncertainty, tariffs and shifting consumer demand. Read on to know which automaker holds an edge now.
Tesla Inc (NASDAQ:TSLA) shares were set to open lower on Monday as the company faces growing pushback in Europe linked to Elon Musk's role in the new Trump administration. The political fallout has coincided with sharp sales declines across key European markets, including Spain, Germany, and the Nordic region.