Tesla Inc.'s shares dipped 1.09% as reports highlighted significant sales declines in Europe, including an 80.7% drop in Sweden. Despite this, the stock has gained over 19% in the last month, bringing its year-to-date loss to 9.65%. The company, once part of the $1 trillion market cap club, now stands at $1.09 trillion. CEO Elon Musk faces mounting EV competition and uncertainty regarding key projects like Cybercab and Optimus. Analysts suggest that there may be buying opportunities if the current stock drawdown persists.
Tesla's stock has seen a decline, dropping 1.09% recently, amidst news of declining sales in Europe and mounting competition in the EV market.
Despite its recent struggles, Tesla's market cap remains solid at $1.09 trillion, yet questions persist regarding its future growth drivers, including Cybercab and Optimus.
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