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
