In May, Tesla shares showed significant growth, while the company faces serious problems in key markets.
Rise in Tesla Shares
Tesla shares rose more than 20% in May, reaching their best monthly close since January. However, this growth comes amid increasing pressure on the company and its CEO Elon Musk.
Sales Issues in Europe and China
Despite the rise in shares, Tesla's vehicle sales have sharply declined. In Europe, sales dropped 50% year-over-year, while in China, they were down 25% in the first eight weeks of the current quarter.
Impact of Political Activity
Elon Musk continues to face pressure due to his political activity and ties with former President Trump. A group of pension fund leaders expressed concern about the current leadership crisis and urged that Musk be required to maintain minimum working hours at Tesla.
The rise in Tesla shares is accompanied by serious challenges, and the influence of political activity is causing dissatisfaction both in the market and among investors.
