Tesla is facing declining sales and changes in the market situation, while competitors like Apple and NVIDIA continue to demonstrate growth.
Tesla's Challenges Amid Competition
Tesla's sales fell 13% in the last quarter, and analysts predict another downturn in the future. Expectations around robotaxis once again undermine investor confidence. Recent data suggests that Tesla needs to sell over a million vehicles in the second half of the year to restore its market position.
Successes of Apple and NVIDIA
Apple's stock saw a slight increase following a Jefferies upgrade, thanks to strong iPhone sales in China. Meanwhile, NVIDIA remains a strong player in the AI market, with analysts expecting its market capitalization to reach $4 trillion soon.
Political Climate and Investor Expectations
New labor market data shows a decrease in job numbers, which may impact the overall economic situation, including Tesla's sales. Additionally, Elon Musk's political ties evoke negative reactions from consumers and could hinder Tesla's growth.
In the coming months, Tesla needs to demonstrate significant growth to win back investor confidence, while Apple and NVIDIA continue to solidify their market positions.
