Tesla’s stock (TSLA) fell on Tuesday, continuing its retreat in 2025. New developments may have provided investors with additional reasons to sell. Chinese electric vehicle maker BYD unveiled an ultra-fast charger that reportedly can fully charge a vehicle in as little as five minutes, and some Wall Street analysts expressed skepticism about Tesla’s prospects. The shares were down more than 4% to approximately $227, marking a year-to-date decline of over 40%. RBC Capital cut its price target for Tesla to $320 from $440, citing a deteriorating outlook for its self-driving technology and robotaxi rollout in China and Europe. Tesla’s Full Self-Driving system has yet to gain Chinese approval. Meanwhile, BYD plans to integrate technology from Chinese AI startup DeepSeek into its smart driving system. Oppenheimer 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 announced its new Super e-Platform provides a range of nearly 250 miles in about the same time it takes to refuel a gas-powered car. The company plans to roll out vehicles with this technology starting next month. Tesla reportedly plans to introduce a cheaper version of its Model Y SUV in China next year. Tesla shares have been under pressure recently. CEO Elon Musk has been leading the Trump administration’s Department of Government Efficiency. Since Trump took office in January, the stock has lost nearly half its value and is on track to fall for a ninth week in a row. — news from Investopedia
