Why Tesla Stock Hit the Brakes Today

From Nasdaq: 2025-04-30 12:34:00

Tesla’s stock (NASDAQ: TSLA) has soared over 15% in the last week but is now down 4.5% due to increasing competition in the self-driving vehicle sector from Alphabet’s Waymo and Toyota.

Waymo’s partnership with Toyota could be a game changer in developing lower-cost self-driving vehicles, potentially overtaking Tesla’s market share and causing some investors to sell Tesla stock today.

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