Why Tesla Stock Is Slumping Today
From Nasdaq: 2025-05-19 12:50:00
Tesla (NASDAQ: TSLA) stock has rebounded over 40% in the last month after CEO Elon Musk announced plans to focus more on the company. However, shares are down 3.3% today as attention shifts to Tesla’s EV sales. China sales dropped 26% in April and May, causing concern among investors.
Investors are closely watching Tesla’s sales data, especially in China, where sales have significantly declined. If the next report from the China Passenger Car Association shows continued declines, Tesla stock may face further losses.
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Howard Smith holds positions in Tesla, endorsed by The Motley Fool. The opinions expressed are of the author and not Nasdaq, Inc.
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