In early pre-market trade the stock is down $4.75 (-1.67%) to $279.90. The big election day up-gap extends from the ~$251close on November 5 to the ~$284 open on November 6.
Lifted in toto from Reuters via MSN, March 4:
U.S. automaker Tesla sold 30,688 China-made electric vehicles in February, down 49.2% from a year earlier, data from the China Passenger Car Association (CPCA) showed on Tuesday.
Deliveries of China-made Model 3 and Model Y vehicles fell 51.5% from the previous month.
Chinese rival BYD, with its Dynasty and Ocean series of EVs and plug-in hybrids, recorded a 161.4% increase in passenger vehicle sales to 318,233 units last month.
A February 27, 2025 post:
Tesla's Stock Is Nearing A Bottom (TSLA)
Whether or not it holds will depend on the broader market but for now the next stop for the elevator is within sight.
A partial repost (the outro) from February 11's Follow-Up: "China's BYD links up with DeepSeek in an AI threat to Tesla":
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....Tesla was down $22.23 (-6.34%) during the regular session and is down another $1.30 (-0.40%) in late after-hours trade. $327.20.
As to a potential bottom? Long time readers know where the gaps are:
The stock is at $287.54 down $3.26 (-1.12%) after getting as low as $280.91 fifteen minutes ago.
The November 5 - 6 gap extends from $251.44 to the election day open at $284.67.
