"Extreme optimism about Tesla Inc. ( NASDAQ: TSLA) founder Elon Musk's relationship with President Trump pushed Tesla's stock to $400 at the start of 2025. The breakup of that relationship and a sharp drop in the overall market sent the stock to $217 in March. It has recovered, and then some, from the start of the year, and is now up 8% year to date."
"Because of the breakup with the president and overall sales figures, the recovery is particularly unexpected. Tesla's sales in most EU nations are down double-digit percentages this year. Depending on the analysis, Tesla's market share in China, by far the largest electric vehicle (EV) market share in the world, has dropped to number five. Its U.S. market share fell to 46% through the first three quarters of the year. A decade ago, the number was closer to 80%."
"Recent data show that Tesla's car sales decline may have bottomed and that it may be in the early stages of a recovery. Tesla's third-quarter production and deliveries were higher than expected. Production hit 447,450, and deliveries totaled 497,099. Those figures were both an annual increase of about 7%. The third-quarter results were not good when viewed through the lens of the end of the U.S. EV tax credit of $7,500."
Tesla's share price rose from lows earlier in the year to become the world's 10th-most-valuable public company, reaching a $1.45 trillion market cap. Sales fell in many EU countries and market share declined in China to fifth place, while U.S. share dropped to 46% from around 80% a decade ago. Third-quarter production reached 447,450 and deliveries 497,099, both up about 7% year over year. The end of the $7,500 U.S. EV tax credit raises concerns of a near-term sales slump. Tesla is repositioning toward AI and robotics, while Optimus remains at an early, basic-function stage.
Read at 24/7 Wall St.
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