6:56 PM · 9 January 2024

Tesla loses 3% after US vehicles range cuts

Tesla (TSLA.US) with as much as 2.7% loss is the worst stock performer among US 'BigTech' companies today, and we can see that it may be due to lowers range estimates after U.S. regulators tighten vehicle-test rules. Range of electric vehicles X, S, Y, and 3 was lowered driving-range estimates across its lineup of cars. US regulators pushing the automakers to accurately reflect real-world cars performance. It may signal that Tesla's range advantage will be lower than producer signalled, reducing some advantage over competitors on the EV market.

Tesla (H1 interval)

We can see that Tesla shares are traded much below 23,6 Fibonacci retracement of the upward wave from 2022 and testing 220 USD range (38,2 Fibo) is not excluded scenario if sentiment worsens. At the same time, today's info is definitely not negatively for the whole company performance and doesn't suggest any technical problems with the cars, so reaction to it is probably temporary.

Source: xStation5

21 July 2026, 12:05 PM

General Motors shares down despite solid earnings report 🚩

21 July 2026, 11:21 AM

TSMC Raises AI Chip Prices. Is the Bill for the Artificial Intelligence Boom Starting to Grow?

21 July 2026, 8:49 AM

Samsung Enters the Era of “Physical AI” and Robotics; Shares Rise 3% 🤖

21 July 2026, 8:11 AM

Economic calendar: Strong reading from the UK labour market, German ZEW in focus

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits