Tesla Stock News

Tesla's electric vehicle registrations in California dropped 15.1% during the first quarter, according to industry data, signaling growing challenges for the Elon Musk-led automaker in the crucial U.S. market.

Tesla CEO Elon Musk is investing billions of dollars into autonomous cars and robots, a move that has its share of bulls as well as skeptics.

Tesla shares declined around 2% in early trading Wednesday to around $249, with broader markets also under pressure. The Dow fell 180 points, or 0.4%, while the S&P 500 and Nasdaq dropped 0.97% and 1.73%, respectively.

Tesla registrations in California fell over 15% during the first quarter. It is the sixth consecutive quarter that Tesla registrations have fallen in the state.

Tesla Inc (NASDAQ:TSLA) has suspended the import of key components from China for its upcoming Cybercab and Semi electric truck projects in the US due to a sharp escalation in tariffs imposed by president Donald Trump, according to a Reuters report. The US raised tariffs on Chinese goods to a cumulative 145% in early April 2025, up from a previous 34%.

After plunging nearly 50% from its December all-time high, the stock has shown surprising resilience in recent weeks. The bears have now failed twice to push it below $220, and that inability to break new lows is starting to look like the foundation of a technical double bottom.

Tesla declined early Wednesday after Reuters reported Trump tariffs have made the EV giant pause component shipments.

The stock market has been crashing this year and if you're a long-term investor, it can be a good time to invest in companies at discounted valuations. But that doesn't mean that you should be investing in just any stock.