{"id":2613,"date":"2026-02-23T16:43:25","date_gmt":"2026-02-23T16:43:25","guid":{"rendered":"https:\/\/retrotradingreport.com\/index.php\/2026\/02\/23\/why-tesla-stock-is-down-over-2-on-monday\/"},"modified":"2026-02-23T16:43:25","modified_gmt":"2026-02-23T16:43:25","slug":"why-tesla-stock-is-down-over-2-on-monday","status":"publish","type":"post","link":"https:\/\/retrotradingreport.com\/index.php\/2026\/02\/23\/why-tesla-stock-is-down-over-2-on-monday\/","title":{"rendered":"Why Tesla stock is down over 2% on Monday"},"content":{"rendered":"
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Tesla stock declined at the start of the new trading week, as investors assessed intensifying competition in autonomous driving and continued weakness in electric-vehicle demand.<\/p>\n

Tesla stock was down about 2% at $408.60 in early trading. <\/p>\n

The S&P 500 and the Dow Jones Industrial Average were each lower by around 1%.<\/p>\n

The move came as Uber Technologies announced a new suite of services aimed at helping autonomous vehicle developers integrate their fleets into its ride-hailing network.<\/p>\n

Uber expands Robotaxi platform<\/h2>\n

Uber said its new Autonomous Solutions platform will provide a \u201ccomprehensive suite\u201d of services to robotaxi developers, including AI training data, fleet management, user experience design, regulatory support, and financing.<\/p>\n

The initiative reflects Uber\u2019s strategy of partnering with autonomous vehicle developers rather than building its own vehicles. <\/p>\n

The company has said that access to its demand-forecasting tools and more than 200 million regular users can help offset the high costs of developing self-driving technology.<\/p>\n

The move signals a more aggressive effort to expand robotaxi services on Uber\u2019s platform, as concerns about competition from Tesla and Google-backed Waymo have weighed on Uber\u2019s shares in recent months.<\/p>\n

Recent performance and US market trends<\/h2>\n

Tesla shares fell 1.3% last week, despite rising for three consecutive sessions to end the period. <\/p>\n

The stock gained only $1.19, or 0.3%, over those three days, marking its third weekly decline in the past four weeks.<\/p>\n

Weakness in the broader US EV market has added pressure. US electric-vehicle sales plunged 30% year on year in January, accounting for about 6% of total new car sales.<\/p>\n

The expiration of the $7,500 federal EV purchase tax credit at the end of September has weighed on demand. <\/p>\n

Automakers have responded by cutting prices, with average EV selling prices falling 3% year on year in December.<\/p>\n

Cantor Fitzgerald analyst Andres Sheppard has described lower pricing as a \u201cmajor theme\u201d expected to persist this year.<\/p>\n

Market share gains offer limited relief<\/h2>\n

Despite weaker overall demand, Tesla has gained market share. <\/p>\n

Its January sales declined 17%, less than the broader market, lifting its share to about 61%, up from 57% in December. <\/p>\n

When the tax credit was still active, Tesla\u2019s share had fallen below 50%.<\/p>\n

Entering Monday\u2019s session, Tesla shares were down about 8% for the year but remained up 22% over the past 12 months, outperforming the S&P 500 by roughly seven percentage points.<\/p>\n

Investors have largely focused on Tesla\u2019s artificial intelligence ambitions rather than short-term vehicle sales. <\/p>\n

The company launched a robo-taxi service in Austin in June, when its shares were trading near $322.<\/p>\n

However, the car business remains critical. Tesla plans to spend about $20 billion on new equipment this year, more than double its typical annual capital expenditure, to expand production of robotaxis and robotics.<\/p>\n

Intensifying competition in China<\/h2>\n

Tesla is also facing mounting pressure in China, the world\u2019s largest EV market, where low-cost domestic models have gained ground.<\/p>\n

In 2025, Geely Auto sold more than 459,000 units of its Xingyuan EV, while Wuling Motor Holdings recorded 427,000 sales of its Hongguang Mini EV. Both models are priced below 100,000 yuan.<\/p>\n

Tesla\u2019s Model Y ranked third, with sales falling nearly 21% year on year to 382,300 units, despite the company introducing new payment schemes. <\/p>\n

BYD\u2019s Seagull dropped to fourth place after a 31% sales decline.<\/p>\n

Chinese policymakers have urged automakers to curb aggressive discounting amid deflationary pressures. <\/p>\n

In mid-February, the State Administration for Market Regulation banned sales of new vehicles below production cost, including through subsidies.<\/p>\n

Demand has also weakened. Nomura said passenger EV sales fell nearly 20% year on year in January to 596,000 units, while market penetration dropped to 38.3%.<\/p>\n

The bank cited the phasing out of tax incentives as a contributing factor. <\/p>\n

Since January, buyers have been subject to a 5% purchase tax, which is scheduled to rise to 10% in 2028.<\/p>\n

The post Why Tesla stock is down over 2% on Monday<\/a> appeared first on Invezz<\/a><\/p>\n

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Tesla stock declined at the start of the new trading week, as investors assessed intensifying competition in autonomous driving and continued weakness in electric-vehicle demand.Tesla stock was down about 2% at $408.60 in early trading. The S&P 500 and the Dow Jones Industrial Average were each lower by around 1%.The move came as Uber Technologies…<\/p>\n","protected":false},"author":1,"featured_media":2614,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2613","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/posts\/2613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/comments?post=2613"}],"version-history":[{"count":0,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/posts\/2613\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/media\/2614"}],"wp:attachment":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/media?parent=2613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/categories?post=2613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/tags?post=2613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}