Tesla Stock News Tracker

Tesla Stock Drops After Xiaomi's EV Announcement Amidst Volatility and Mixed Earnings


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As of May 23, 2025, Tesla's stock price is $341.04 USD, which represents a slight decrease of 2.68% in the past 24 hours. This drop comes after a four-week winning streak where the stock rose by 45%. The recent downturn is partly attributed to the announcement by Xiaomi that its new electric YU7 SUV will launch in China, potentially challenging Tesla's Model Y for market share in the mid-size electric SUV category[1].

Trading volume has been relatively high, with Tesla's stock being one of the most volatile in the market, showing a volatility of 4.79% and a beta coefficient of 2.03. This volatility indicates that the stock price can fluctuate significantly in response to various market and economic factors[5].

In terms of recent news, there have been no major announcements from Tesla that would significantly impact the stock price. However, the company's commitment to expanding its electric vehicle production and its ongoing efforts to reduce production costs have been positive factors for the stock. Additionally, the cooling of global trade tensions and lower tariffs have also contributed to the stock's recent gains[1].

Major analyst updates have not significantly altered the price target for Tesla's stock. However, the stock's performance has been closely watched by investors, who are monitoring key support levels around $289 and $271, while also keeping an eye on important resistance levels near $430 and $489[1].

Tesla's financial performance for the last quarter showed earnings per share of $0.27 USD, which was lower than the estimated $0.41 USD, resulting in a surprise of -34.09%. The estimated earnings for the next quarter are $0.46 USD per share. Revenue for the last quarter was $19.34 billion USD, slightly lower than the estimated $21.27 billion USD, but expected to reach $23.63 billion USD in the next quarter. Net income for the last quarter was $409 million USD, a significant decline from the previous quarter's net income of $2.31 billion USD[5].

Overall, while the recent drop in Tesla's stock price is notable, it is part of a broader market fluctuation. Investors should continue to monitor the company's financial performance and any significant announcements that could impact the stock price.

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Tesla Stock News TrackerBy Inception Point Ai