Tesla stock, right? So, get this—it’s been like a rollercoaster, all up and down recently. And yeah, I know, stocks do that, but still. After a pretty rough start to the year, they’ve suddenly shot up over 40% in the last month. Why? Apparently, Elon Musk decided he’d rather hang out more with his cars and less with political folks in D.C. No idea why I noticed this, but it stuck with me.
But wait—don’t pop the champagne just yet! As of today, folks are peeking under the hood, really honed in on Tesla’s EV biz. And let’s just say, they’re not seeing rainbows. The stock was kind of flopping around, down almost 5% earlier this morning, then settling at about minus 3.3% by 11:35 a.m. ET. Weird how numbers can do a little jig like that, huh?
Oh, and check out the new silver Model Y. I mean, it’s shiny, but I digress.
About Those Sales
So now, everyone’s eyeballs are glued to Tesla’s EV sales. Especially in China. Because, hey, what happens there doesn’t stay there—it matters everywhere. First quarter? Sales dropped 13%. At first, I thought maybe the numbers took a nap. But nope, the buzz is they were giving the Model Y a facelift. Seems like some folks believe this could pump sales later on. Fingers crossed, I guess?
But—the story twists, as stories do. The second quarter kicked off with Tesla’s sales in China, well, snoozing again. Data bounced back to Wall Street and showed a 26% sales plummet from April through mid-May. I mean, come on, that’s way steeper than the flat-ish sales before. Barron’s mentioned this over the weekend, so maybe I’m not imagining things.
We’re all just waiting on pins and needles for the next big data dump from the China Passenger Car Association (CPCA). People might be bailing on the stock ’cause they’re a bit nervous about more grim numbers. The European markets are also looking a bit meh, making China even more crucial for Tesla.
So yeah, if the CPCA doesn’t have something nice to say soon, we might see the stock stumble further. Wild, right?
