Key Takeaways
Shares of Tesla ( TSLA ) dropped Tuesday, extending their 2025 retreat.
A fresh set of headlines may have given investors fresh reasons to sell, with Chinese electric vehicle maker BYD unveiling an ultra-fast charger it claims can deliver a full charge in as little as five minutes and some Wall Street analysts offering up skeptical takes on the stock. The shares were recently down more than 4% to roughly $227, leaving their year-to-date decline at more than 40%.
RBC Capital cut its price target for Tesla to $320 from $440 on Tuesday, citing a worsening outlook for its self-driving technology and robotaxi rollout in China and Europe, according to reporting from MarketWatch . Tesla’s Full Self-Driving system has yet to receive Chinese approval. This comes as BYD is reportedly planning to integrate Chinese AI startup DeepSeek’s technology into its own smart driving system. The analyst consensus target for Tesla is about $359, according to Visible Alpha.
Oppenheimer, meanwhile, said it projects Tesla could deliver 30,000 fewer vehicles than previously expected and reduced its fiscal 2025 revenue projection by about 2% to $97.9 billion.
BYD said its new Super e-Platform provided a range of nearly 250 miles in about the same time it takes a gas-powered car to refuel, according to reporting from Bloomberg . The company plans to roll out vehicles with the technology starting next month, the report said. BYD did not immediately respond to a request for comment. Shares of BYD soared to a record high in Hong Kong.
Tesla reportedly plans to roll out a cheaper version of its Model Y SUV in China next year.
Tesla shares have taken a hit in recent weeks. CEO Elon Musk has helmed the Trump administration’s Department of Government Efficiency . The stock has lost nearly half its value since Trump took office in January and is on pace to fall for a ninth week in a row.
This article has been updated to reflect fresh share-price information.
Read the original article on Investopedia