Key takeout
Tesla (TSLA) shares fell on Tuesday, extending the 2025 retreat.
A fresh set of headlines may have given investors a new reason to sell. The Chinese electric car manufacturer claims that it can offer a full charge in just five minutes by unveiling the ultra-fast charger, with some Wall Street analysts offering a skeptical take on stocks. Stocks have recently declined by more than 4% to around $227, with an annual decline of more than 40%.
RBC Capital reduced Tesla’s price target from $440 to $320 on Tuesday from $440 to $440, according to a report from MarketWatch. Tesla’s fully automated driving system has not yet been approved by China. This is because BYD reportedly plans to integrate the technology of Chinese AI startup DeepSeek into its own smart driving system. According to Visible Alpha, Tesla’s analyst consensus target is around $359.
Meanwhile, Oppenheimer said Tesla predicted 30,000 fewer vehicles to be delivered than previously expected, reducing its revenue forecast for fiscal year 2025 by about 2% to $97.9 billion.
BYD said its new Supere platform provided nearly 250 miles of range with gasoline-powered cars for refueling, according to a report from Bloomberg. The company plans to deploy its vehicles with technology starting next month, the report said. BYD did not respond immediately to requests for comment. BYD’s shares have skyrocketed to record highs in Hong Kong.
Tesla plans to roll out a cheaper version of the Model Y SUV in China next year.
Tesla stocks have been a hit in recent weeks. CEO Elon Musk is leading the Trump administration’s government efficiency. Since Trump took office in January, stock prices have lost almost half its value and have been falling for nine consecutive weeks.
This article has been updated to reflect fresh stock price information.
