Tesla Inc. shares have seen a significant rally of 23% recently, vastly outperforming the S&P 500, despite facing declining sales in key markets like Europe and China. In Europe, sales dropped by mid-double-digit percentages, while in China, Tesla experienced a 15% decrease. Estimates suggest that Tesla's market share in the U.S. has fallen below 50%. The rally is attributed mainly to Musk's distancing from Trump's influence and, more importantly, the launch of their robotaxi in Austin, seen as a pivotal development for the company's future success.
Tesla's recent 23% surge in shares contrasts starkly with its plummeting sales in Europe and China, revealing a disconnect between stock performance and actual market challenges.
The true catalyst for Tesla's rally appears to be the autonomy-focused launch of its robotaxi in Austin, which investors are optimistic will redefine its future in the EV sector.
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