Tesla Is Sinking Again Today: Is It Time to Buy the Stock?
Tesla (NASDAQ: TSLA) stock fell again on Monday after news broke of a major delay in its production plans. As of 2 p.m. ET, the company's share price was down 7.3%, while the S&P 500 was down 3.4% as the market responded to intensifying macroeconomic concerns.The company-specific news that investors were reacting to was that Tesla will delay the U.S. debut of the bare-bones version of its Model Y. That lower-priced new electric vehicle (EV) was slated to launch this quarter, but its launch will now be pushed out to at least the third quarter, and possibly all the way into 2026, according to Reuters, which was unable to learn the reason for the delay. Tesla stock is now down by 45% across 2025's trading. The electric vehicle (EV) giant is scheduled to publish its first-quarter results after the market closes Tuesday. The Q1 delivery figures it published earlier this month suggest that it will report significant declines in sales and earnings for the period.Continue reading
Tesla (NASDAQ: TSLA) stock fell again on Monday after news broke of a major delay in its production plans. As of 2 p.m. ET, the company's share price was down 7.3%, while the S&P 500 was down 3.4% as the market responded to intensifying macroeconomic concerns.
The company-specific news that investors were reacting to was that Tesla will delay the U.S. debut of the bare-bones version of its Model Y. That lower-priced new electric vehicle (EV) was slated to launch this quarter, but its launch will now be pushed out to at least the third quarter, and possibly all the way into 2026, according to Reuters, which was unable to learn the reason for the delay. Tesla stock is now down by 45% across 2025's trading.
The electric vehicle (EV) giant is scheduled to publish its first-quarter results after the market closes Tuesday. The Q1 delivery figures it published earlier this month suggest that it will report significant declines in sales and earnings for the period.