📉 J.D. Power expects EV market share to drop from 8.5% to 5.2% year-over-year and forecasts October sales will be 43% down year-over-year due to the expiration of the EV tax credit at the end of September; the situation was called a market “recalibration,” though gasoline and hybrids gained market share so far in October.

Slate confirmed its flagship vehicle will have access to the Tesla Supercharger network by utilizing a NACS charging port.

The federal tax credit that boosted electric vehicle sales for the last three years is gone, leaving EV makers to find new ways to entice car buyers.

Tesla has been subtly pivoting its strategy for years to be considered an AI company, but it's now reaching a tipping point.

Tesla is expected to post a surge in third-quarter results later on Wednesday, thanks to U.S. buyers rushing to take advantage of an expiring $7,500 federal electric vehicle tax credit. But investors and analysts may be more focused on Chief Executive Elon Musk's outlook,

Yes, Tesla faces demand challenges in its electric-vehicle business. But the company is "less an EV story" now, according to Mizuho analyst Vijay Rakesh. There's "more a focus on robotaxis, humanoid robots and autonomous \[Full Self-Driving\] driving upside and multiples,

Tesla's former president for global sales, Jon McNeill, said the EV market in Europe continued to grow even when subsidies were rolled back there.

TSLA stock dropped 73.6% from a peak of $409.97 on 4 November 2021 to $108.10 on 3 January 2023, compared to a peak-to-trough decline of 25.4% for the S&P 500. Since then, the stock rose to a maximum of $479.86 on 17 December 2024 and is currently trading at $452.42

Tesla, Inc. is rated a Buy due to high valuation and market opportunities and with a $466 price target. Learn more about TSLA stock here.