Tesla Loses 3.2% This Week, Slides Eight Weeks and 22.4% YTD
Shares of Tesla have fallen for eight straight weeks, sliding 3.2% in the latest session and down 22.4% year-to-date while the S&P 500 holds flat. Investors are eyeing first-quarter earnings, a version-three Optimus robot update and potential lower-cost electric SUV plans, with a forward P/E of 172.
1. Prolonged Stock Decline
Tesla's shares have fallen for eight consecutive weeks, including a 3.2% drop in the latest session and a 22.4% decline year-to-date while the S&P 500 holds flat. The extended slide underscores investor caution ahead of key catalysts.
2. Robotics and AI Catalysts
Robotics remain a focus as investors await a version-three Optimus update, yet the company has not sold any robots commercially and current units are used only at factories. Tesla also reached a production milestone for its Cybercab in Q1, but these robotaxi EVs remain parked at Giga Austin pending sale.
3. Lower-Cost Electric SUV Plans
Tesla is exploring a lower-cost electric SUV, approaching suppliers on processes and component specifications, though no concrete production plans exist. With a forward P/E of 172, the company is under pressure to deliver new revenue streams.