Tesla Nears Eighth Weekly Loss as Investors Await Optimus v3 and Affordable SUV Plans
Tesla’s shares have declined almost 4% this week, marking a possible eighth straight weekly loss and pushing the year-to-date drop to 23% while the S&P 500 remains flat. Investors are eyeing an April update on Optimus Robot version 3 and early-stage plans for a lower-cost electric SUV.
1. Extended Weekly Decline
Tesla shares are down nearly 4% this week, marking a potential eighth consecutive weekly loss and bringing the year-to-date decline to 23%, well underperforming the flat S&P 500. The stock trades at a forward P/E of 172.
2. Optimus Robot v3 Status
Tesla has promised a version 3 reveal of its Optimus robot this month but has offered no recent updates, leaving investors uncertain whether the company will meet the expected timeline and deliver developments that could drive interest.
3. Cybercab Robotaxi Progress
The Cybercab robotaxi hit a Q1 production milestone, with vehicles observed at Giga Austin, but rides remain supervised with safety drivers in Texas and San Francisco, delaying full unsupervised service and broader territory expansion.
4. Affordable Electric SUV Plans
Tesla has initiated discussions with suppliers on manufacturing processes and components for a lower-cost electric SUV, though these plans are in preliminary stages and no formal production commitment has been made.