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Tesla Sales Plunge In Both China And Europe
Tesla's China-made vehicle sales dropped sharply in April, bucking the trend of strong growth among major Chinese EV competitors, according to CNEVPOST.
The report argues that Tesla's stock price—currently trading at a steep valuation compared to its peers—is under serious threat due to deteriorating fundamentals, particularly falling car sales, which make up 86% of its revenue. Even longtime Tesla bulls are beginning to express concern, noting that without a rebound in sales, particularly in key markets like China and Europe, investor confidence will continue to erode. The report concludes that unless Tesla can rapidly turn around its auto business, especially as hype around events like the June 1 robotaxi announcement fades, the stock could be poised for a substantial downward revaluation.
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