Updated: Nov 12, 2025, 18:45 UTC
Key takeaways
- TSLA trades at $431.19 (-1.9%) early afternoon, with a day range of $426.63–$442.89 after opening at $442.02. Volume has topped 40.6M shares.
- A broad rotation out of mega-cap tech has the Nasdaq lagging; Tesla is down 2.3%–2.6% intraday alongside Alphabet and Meta, according to Reuters’ midday market update. [1]
- October EV sales were tougher than expected: industry tracking highlighted by Barron’s shows ~23% year-over-year declines across key markets, raising questions about Q4 deliveries momentum. [2]
- Robotaxi competition is in the headlines today: Alphabet’s Waymo rolled out freeway robotaxi service in San Francisco, LA and Phoenix—an autonomy milestone that sharpens comparisons with Tesla’s own robotaxi push. [3]
Tesla stock price, at a glance
As of 18:41 UTC (1:41 p.m. ET), Tesla (NASDAQ: TSLA) is down 1.9% at $431.19, off an intraday high of $442.89. The stock opened at $442.02, with today’s low at $426.63. Yesterday’s close was $439.62.
The move comes amid a mixed market: the Dow is higher while the Nasdaq lags as investors trim tech exposure. Reuters notes Tesla shares are among the notable decliners, sliding roughly 2–3% intraday. [4]
What’s driving TSLA today
1) Fresh October sales checks dampen sentiment
Barron’s highlights sell-side tracking that points to ~23% YoY October declines across major regions (North America, Europe, China, South Korea), challenging the near‑term delivery trajectory into the holiday quarter. The note cautions that Q4 delivery expectations (≈440k) are harder to hit after Q3’s ~500k. Pre‑market strength faded as investors digested the data. [5]
2) Macro rotation out of tech
While single‑name news always matters for Tesla, today’s tape is macro‑led. A broad fade in large‑cap tech is pressuring the Nasdaq; Reuters flags Tesla among names down 2.3%–2.6% intraday as investors favor financials and defensives. [6]
3) Autonomy narrative faces fresh comparison
On the competitive front, Waymo launched freeway robotaxi service in key California and Arizona corridors today. It’s a symbolic step for autonomy rivals and a reminder that Tesla’s own robotaxi ambitions are being benchmarked against live, paid services. That headline backdrop isn’t helping Tesla’s AI/robotaxi premium in today’s session. [7]
The week’s context that still matters
- China softness: Earlier this week, Reuters reported China retail sales of 26,006 units in October, the lowest in three years and down 35.8% YoY, even as Shanghai exports rose. That trend keeps a spotlight on demand and mix into year‑end. [8]
- People moves: Reuters also reported two program leads departing—the Model Y program manager and the Cybertruck lead—adding to execution questions around core products. [9]
- Governance & strategy overhang: Last week’s shareholder approval of Elon Musk’s new pay package remains the defining storyline. A separate, non‑binding proposal to authorize an investment in Musk’s xAI did not pass, with significant abstentions; the board said it would examine next steps. [10]
- Capacity & chips: Musk has signaled Tesla may need a “gigantic chip fab” to support its autonomy roadmap—another capital‑intensive pillar investors are handicapping. [11]
What to watch next
- Closing print & breadth: If the tech rotation persists into the close, Tesla’s finish relative to the $426–$443 intraday range will set the tone for Thursday. [12]
- Delivery math: Any additional October/November registration data—especially from China and Europe—will feed the Q4 deliveries narrative the Street is triangulating. [13]
- Autonomy milestones: With Waymo’s freeway expansion live, investors will look for Tesla robotaxi updates (cities, permits, safety‑driver status) and clarity on chip sourcing/fab plans. [14]
- xAI decision path: Even though the xAI authorization proposal failed, management indicated it would evaluate the outcome—expect questions about any form of collaboration or investment on the next update. [15]
Bottom line
Today’s TSLA weakness is more about the tape than a single Tesla headline. But October’s softer sales checks plus a high‑profile robotaxi rival milestone aren’t helping. Layer in China demand questions and ongoing governance/AI strategy debates, and you get a market that’s asking Tesla to prove the Q4 path—and to quantify the timeline to autonomous monetization.
For now, traders are respecting the $430s as a battleground while macro flows (and fresh datapoints on deliveries and autonomy) set the next move. [16]
This article is for information only and is not investment advice. All prices and market data as noted.
References
1. www.reuters.com, 2. www.barrons.com, 3. www.reuters.com, 4. www.reuters.com, 5. www.barrons.com, 6. www.reuters.com, 7. www.reuters.com, 8. www.reuters.com, 9. www.reuters.com, 10. www.bloomberg.com, 11. www.reuters.com, 12. www.reuters.com, 13. www.barrons.com, 14. www.reuters.com, 15. www.bloomberg.com, 16. www.reuters.com
