Negative Outlook on Tesla Amid EV Rivalry

18 days ago

Alex

"Yeah, I mean let's might as well skip to it. That's another uh peer that we're looking at. We see shares of Tesla that ended lower by about 2.6%. This is actually its seventh straight day of losses as we look at that continued streak. Uh, but we did see shares of Tesla that were up about 11% on the day. But we do know that Tesla has essentially given up its title as the world's top seller of EV cars to China's BYD. We were talking about this a bit earlier. Maybe people may not be as familiar with the car BYD in the US, but it's certainly very popular."

The speaker highlights Tesla's recent underperformance, noting a 2.6% drop and a seventh consecutive day of losses even though there was an intraday recovery. There is a strong sentiment that Tesla has lost its status as the top EV seller to BYD, casting doubt on its current strategy as it shifts focus toward autonomous vehicles and AI ambitions.

Related Stocks