Brief by Shorts91 Newsdesk / 08:54am on 29 Aug 2025,Friday Business
Tesla stock trades at $345.75, down 1.1%, amid consolidation between $330-$360. European vehicle registrations plummeted 40% in July to 8,837 units, marking seven consecutive months of decline, while Chinese rival BYD surged 225% to 13,503 registrations. Tesla's aging Model 3/Y lineup lacks novelty against affordable competitors, with no major European launches this year. Technical indicators show neutral RSI at 48, with support at $329 and resistance near $370. Forward P/E of 189 maintains premium valuation despite automotive margin pressures. Institutional investors show reduced exposure through recent 13F filings. Future outlook depends on AI/robotics speculation versus core automotive performance, with bear case targeting $280-$300 support levels.(PC: Financial Times & Traders Union)
