Stock Pulse
Tesla faces increasing competition from BYD, which has surpassed Tesla in key performance metrics including sales volume, revenue, and stock performance [1], [4]. European sales slumped significantly in April due to competition and negative sentiment towards CEO Elon Musk [6]. While Musk has pledged to focus more on Tesla after reducing government commitments [7], [8], [9], the company reported declining Q1 profits and deliveries [7], [9] and faces challenges in the autonomous vehicle market from competitors like Waymo [2], [10]. Despite these headwinds, Tesla remains a popular investment [5], [9], and Musk's upcoming appearance at the Milken conference may offer an opportunity to address investor concerns [3]. A Tesla director also recently sold a significant amount of stock [11].