Tesla Stock Daily Drive

July 02, 2025 • Finance

Hosted by Dusty

About This Episode

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.

Transcript

Welcome to "Tesla Stock Daily Drive." I’m your host, Dusty, and today we're diving into the ups and downs of Tesla's stock performance on July 1, 2025. So settle in as we unravel what’s been happening in the world of Tesla.

Today, Tesla closed at $300.71, dropping by 5.34% from the previous session. Quite the dip given the intraday swings between a low of $293.21 and a high of $305.87. Such volatility isn't unusual, but it certainly paints a dramatic picture. The volume of shares traded surged to about 143 million, a significant spike from the usual daily averages. That’s a lot of money changing hands — roughly $43.06 billion.

Let's talk about the technical signals. Tesla’s stock had quite a volatile day, with a sharp 4.32% range between its high and low. Over the last ten trading days, it’s lost ground in seven sessions, down 8.63%. Breaking below a rising trend, analysts are keeping a sharp eye on key support levels at around $284.70 and $272.20. Resistance, meanwhile, may hover around today’s high of $305.87. Clearly, the market is sending mixed signals.

The day started with some drama, too. Premarket trading was pressured by a fresh feud between Elon Musk and former President Donald Trump. Trump suggested a review of the subsidies that benefit Musk’s companies, implying that without them, Tesla might struggle. This sparked a drop in shares right before the market opened, shaving off billions in value.

As the day progressed, more concerns unfolded over Tesla’s upcoming Q2 delivery report. Analysts have been reducing their expectations for vehicle deliveries, citing slower demand in Europe and stiff competition in China. This cautious outlook fed into the afternoon’s sell-off, further spooking investors.

Political tensions added another layer of complexity. The spat between Musk and Trump reignited fears about the EV tax credits. Legislation in the Senate could potentially eliminate a $7,500 federal EV tax credit, posing significant risks for Tesla’s U.S. sales. This possibility could impact more than $1 billion in annual profits, increasing market jitters.

Year-to-date, Tesla's shares are down approximately 19.9%, trading substantially below their 52-week high. Yes, the stock’s recent pullback is significant, but not out of character for Tesla, which is known for its wild rides. Intriguingly, despite these fluctuations, some analysts remain cautiously optimistic. Benchmark reiterated a Buy rating, emphasizing long-term growth potential. Yet, with the average price target hovering around current levels, it’s a delicate balance.

Looking ahead, Tesla’s Q2 delivery report will be a crucial moment. Can refreshed Model Y production counterbalance softer demand? Legislative changes or more political drama could trigger further volatility. Market participants are advised to watch those support levels and consider Tesla’s ability to navigate the competitive landscape.

And that wraps up today’s insight into Tesla’s rollercoaster day. As always, I'm Dusty, reminding you, “When the dust settles, only the truth remains.” Join me next time for more on Tesla’s journey. Until then, take care!

Tesla Stock Daily Drive