Tesla Inc (NASDAQ:TSLA) is seeing weakening sales momentum in its three most important markets - the United States, Europe, and China - amid global competition in the EV sector accelerates and as new product introductions remain limited. In Europe, Tesla sales fell sharply in October, dropping 48.5% year-over-year, according to figures released by the European Automobile Manufacturers' Association.
Shares of Tesla Inc. NASDAQ: TSLA were trading right around $415 on Nov. 24, extending a rebound off the rising support line that's been in place since April.
Gary Vaynerchuk, Chairman of VaynerX, says collecting is becoming a mainstream lifestyle category, alongside fashion, music, and sports. He tells Romaine Bostick and Katie Greifeld on “The Close” that he expects the trend to accelerate over the next five to ten years.
The Elliott Wave has been crucial in predicting key peak and bottom prices for TSLA, providing minimal risk and maximum profits. Although a drop to ~$370 cannot yet be excluded, we are now looking for a rally to at least $520.
As part of a slide that has gone on for months, Tesla's (NASDAQ: TSLA) EU, UK, and EFTA registrations (the proxy for sales) dropped 49% in October to 6,964.
Major stocks show continued strength in early Wednesday trade, with Tesla, Palantir, and Super Micro Computer all displaying bullish setups. Key support levels remain firm as markets head into thin holiday conditions around Thanksgiving.
Another Musk tweet, this time about robo-taxis, appears to be helping Tesla stock early on Wednesday.
Tesla will double the number of robotaxis in Austin, Texas, in December, less than six months after the company launched the service.
Elon Musk says Tesla Inc (NASDAQ:TSLA) will roughly double the number of robotaxis operating in Austin next month, marking the latest step in the company's push to scale up its self-driving service. The fleet has been running in the city since June, although Tesla has never disclosed how many vehicles are involved.
Tesla Chief Executive Elon Musk said on Tuesday that the number of robotaxis in Austin, Texas, will double in December, following the rollout of its self-driving service in the city in June.
Tesla said that the Dutch regulator RDW had "committed to granting" FSD approval "in February 2026." In a response, RDW said that the agency had set goals with Tesla for February — but that it's not yet clear if Tesla will meet them.
The electric-vehicle maker is experiencing a sustained sales slump in Europe, and it's also having trouble winning over regulators for a key technology.