Tesla’s Road Trip Has Hit a Rough Patch
Short‑sellers are celebrating after Tesla’s share price dropped by almost 50% from its December high. The auto‑tech titan’s steep slide comes from a mix of quirky CEO moves, slowing sales and a rival that’s out‑driving the competition.
The CEO’s Love‑It‑or‑Leave‑It Moment
- Musk’s recent political forays – saying he’s cut‑throat on federal spending – have stirred up a storm.
- Some customers and investors are calling for boycotts, which looks like a case of “politics meets autopilot” that’s rattling Tesla’s reputation.
- The backlash makes management’s job tougher, with the company trudging through a choppy social media landscape.
Sales Slowing Down Like a Car in Traffic
Tesla’s yearly growth rate has flatlined after years of roaring sales. Even the first quarter of this year shows weaker momentum, reflecting a dip in consumer confidence and a drab growth outlook.
Competition From the “BYD” Burgeoning Behemoth
In China, BYD is accelerating its EV market share, pulling in buyers and investors alike. The growing rivalry threatens to squeeze Tesla’s market dominance and could even put BYD ahead in the race.
Key Support Levels and Next Quarter’s Turnpike
The stock is hovering around the $220‑$225 support zone, a level that’s been tested and held up a few times. The real question is what the upcoming earnings will reveal – a clear sign of whether the stock road will straighten out or continue to sputter.
Get Live Updates
Stay in the loop by subscribing for real‑time alerts on this topic right on your device.
