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Episode Description
Generated finance podcast with host Dusty based on prompt: Daily stock movements for Tesla. Focus on the stock, but provide any important background information that is necessary.
Episode Transcript
Welcome to "Tesla Stock Daily Drive," where we steer through the latest in the financial markets, with a special spotlight on Tesla. I'm Dusty, your host. Sit back and let's dive into today's ride through the economic landscape.
As we kicked off this week, the United States markets took a breather for Memorial Day, leaving many investors focused on futures and global markets. With no trading activity on Monday, Tesla wrapped up last week at $339.34, taking a slight dip of 0.50%. But as is often the case with Tesla, what happens beyond market hours can be just as intriguing.
Let's turn our attention to some key developments for Tesla. A storm is brewing in Europe where Tesla's sales have taken a significant hit, plummeting nearly 53% in the EU in April. With overall sales falling 49% when including the UK and other nearby markets, Tesla faces mounting competition. Remarkably, BYD, a Chinese automaker, outpaced Tesla in European sales for the first time. Analysts mention various factors—from intense competition to CEO Elon Musk's controversial political ventures—as contributing to this setback.
The Model Y, Tesla's stalwart, also faces challenges. Despite an upgrade, it appears demand isn’t meeting expectations. Reports of inventory buildup have led Tesla to offer 0% financing, hinting at possible issues in attracting buyers.
Despite these hurdles, some remain bullish on Tesla's future. Analyst Daniel Ives from Wedbush Securities maintains a $500 price target for TSLA, eyes pinned on Tesla's ambitious plans for a robotaxi service, slated to begin cruising in Austin, Texas by June. Ives heralds this as a potential ‘golden age’ for autonomous driving, even as Tesla navigates these choppy waters.
Divided sentiment among investors is palpable. A recent poll showed half of retail traders are sticking with Tesla for the long haul, placing their faith in Musk's leadership. Yet, a significant portion is wary, worried about leadership unpredictability and shaky fundamentals.
Casting an eye over broader market movements, US futures showed optimism with a notable lift, buoyed by former President Trump's decision to delay hefty tariffs on the EU. The Dow, S&P 500, and Nasdaq futures all saw healthy gains as the announcement diffused immediate tension.
Looking globally, European markets regained ground erased by tariff jitters, spurred by easing trade concerns and the ECB's supportive monetary stance. Meanwhile, over in Asia, the Nikkei inched upward, and India's indices surged, celebrating domestic optimism.
Economic indicators are on the horizon, promising a busy week. Revised US Q1 GDP figures are awaited, alongside inflation data from the Eurozone and beyond. These metrics could paint a more detailed economic picture, shaping market directions moving forward.
In other notable news, Adena Brands, the owner of Monsoon and Accessorize, suffered losses amid dampened consumer demand and wage pressures. Meanwhile, in the UK, food producers express frustration over potential delays in post-Brexit import checks, a move seen as costly and inefficient.
As we pause here, Tesla remains in sharp focus for many investors as trading resumes. The ongoing shifts in international markets and Tesla's strategic pivots will likely bring further developments and opportunities to assess.
That's your drive through the latest in Tesla and the markets. I'm Dusty, reminding you that when the dust settles, only the truth remains. Thanks for tuning in, and join me next time as we continue to track Tesla's journey. Safe investing!
Supporting Data
**US Markets Closed for Memorial Day; Tesla's Previous Close and Futures Eyed Amidst European Sales Slump and Robotaxi Hopes**
Financial markets in the United States were closed on Monday, May 26, 2025, in observance of Memorial Day. As a result, there was no trading activity for Tesla (TSLA) on the Nasdaq. The electric vehicle maker's stock last traded on Friday, May 23, 2025, closing at $339.34, a decrease of 0.50% or $1.70 per share.
**Tesla-Specific News:**
On May 26, 2025, and in reports referencing the date, several key developments concerning Tesla emerged:
* **European Sales Challenges:** Tesla's sales in the European Union reportedly experienced a significant downturn, plummeting nearly 53% in April to 5,475 vehicles, marking the fourth consecutive monthly decline. Including the UK and other non-EU European countries, sales fell 49% to 7,261 vehicles. This occurred even as the overall EU electric vehicle market saw growth, with battery-electric vehicle sales up over 26% year-to-date. Chinese automaker BYD reportedly outsold Tesla in Europe for the first time in April. Tesla's European market share dropped to 0.7% from 1.3% a year earlier. Factors cited for this include heightened competition, backlash against CEO Elon Musk's political involvements, and an aging Model Y lineup failing to significantly boost sales despite an upgrade.
* **Model Y Demand Concerns:** Reports indicated that the refreshed Tesla Model Y was experiencing lower-than-expected demand, with new models reportedly sitting on dealership lots. Tesla was offering 0% financing on the Model Y, an aggressive tactic for a new model, suggesting potential demand issues.
* **Analyst Bullish on Robotaxis:** Wedbush Securities analyst Daniel Ives reiterated a bullish stance on Tesla, setting a $500 price target. This optimism is largely tied to the potential of Tesla's upcoming robotaxi service, which Musk aims to launch in Austin, Texas, by June 2025. Ives believes Musk is refocusing on Tesla and sees a "golden age" for the company in autonomous driving, despite acknowledging recent damage to the firm's image from Musk's external activities.
* **Retail Trader Sentiment Divided:** A Stocktwits poll indicated a split among retail traders regarding Tesla's future. While 50% were buying for the long term, citing confidence in Musk's leadership (who recently committed to at least five more years as CEO), 22% were selling due to concerns about his unpredictability and the company's fundamentals.
* **Q1 Financials Recap:** Earlier Q1 2025 financial results showed a 20% drop in automotive revenue and a 71% plunge in net income for Tesla. The stock had declined 10.5% in 2025 as of the report, underperforming the S&P 500.
**General Market News and Economic Indicators (May 26, 2025):**
* **Global Market Snapshot:** With US markets closed, global markets showed mixed activity. Dow futures were up 0.81%, while S&P 500 futures were down 0.67% and Nasdaq futures down 1.00% in data reflecting prior closes or overseas trading. Asian markets saw modest moves, with Japan's Nikkei 225 up 0.45%. Indian benchmark indices Sensex and Nifty surged, with the Nifty 50 reaching the 25,000 level, reportedly due to positive domestic factors and a delay in US tariffs on the EU.
* **US Futures Rise on Tariff Delay:** US benchmark stock market index futures jumped on Monday, May 26, 2025, following an announcement by former US President Donald Trump that he would delay proposed 50% US tariffs on the European Union until July 9, 2025, to allow for trade negotiations. Dow Jones futures were trading 1.08% higher, S&P 500 futures 1.2% higher, and Nasdaq 100 futures 1.4% higher in Monday trading.
* **Economic Indicators to Watch:** The week ahead is expected to bring key economic data. This includes revised US Q1 GDP figures, with early estimates having shown a contraction, though this was believed to understate actual growth. The Fed's preferred inflation gauge, the core PCE price index, is also due. Inflation data from several Eurozone countries, including Germany, France, Italy, and Spain, will also be released. Canada is set to publish its Q1 GDP data. The Reserve Bank of New Zealand (RBNZ) is expected to announce an interest rate decision.
* **European Economic Outlook:** European equity markets have reportedly erased losses that stemmed from US tariff announcements, buoyed by easing trade tensions. The EuroStoxx index had gained 10% year-to-date, compared to a 1% decline for the S&P 500. Factors supporting a potential outperformance for Europe include a gradually recovering economy and the positive effects of the ECB's accommodative monetary policy.
* **Other News:**
* The owner of Monsoon and Accessorize, Adena Brands, fell to a £7.5 million loss due to weak consumer demand and wage inflation.
* UK food producers warned of millions wasted in preparation for post-Brexit import checks that may now be delayed.
Investors will be closely watching upcoming economic data and Tesla-specific developments as trading resumes.
**Sources:**
1. [coincentral.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXGeaxCLsHfDq49XKmbTmEXPWvUNHwG0DynbFnGkoGbCsY5orUTn2QnjhfAvZb1XwZIOlRohiZkjylJ-I1EFHtI0t5IDoeEvuImZkPnR_lT_eFZ44o8ccsjyHihRUsZAROiWRPlTLG6L0PeDySsdCELyAySQ4MtgKNB6QY-gkf-ktPBZsrroHizx9U0-5iw6PEFynHzPLbDCJaW3)
2. [economictimes.com](https://vertexaisearch.cloud.google.com/grounding-api-redirect/AbF9wXFQSJ2LeccKzV9ihed5jcsBtd0PKBcFwk8_ey0jYwSksWmXjxposrLm3qbzzE3FP6bIKpVoyfI3fZnH0HbQcG4WQ85AOTtnkRwVBk5n1IuyfZ2GM3r_L66ub3jzHE2-RNhW9cU38SXmOcc8aNqZtuOMBtHVcUeM9Kb9_3BUuhHq8T-3P_pBI_lIyZaSILbmYlEv6Vuw2gcTGxvWIYEQcFnbyP9VgST44mFACWbvkotHybrzafzS8JsLZM_PhwGt0wPr1dzfChV7oqW4O8CiWc6gaiiA4-nitdM3J-djTDwypl_sZWBKmxYW9OsJdmPl_xkoFRttCw==)
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