Tesla Shares Under Pressure as Robotaxi Race Intensifies

Tesla, the pioneering electric vehicle manufacturer, is confronting significant market pressures that extend beyond its core auto production business. Mounting competition in the autonomous robotaxi sector is currently weighing heavily on the company’s stock performance. As Waymo, a subsidiary of Alphabet, accelerates its operational expansion, investors are questioning whether Tesla can maintain competitiveness in this future-focused market or if competitors will establish an insurmountable lead.

Market sentiment toward Tesla has taken a bearish turn, particularly evident across social media platforms where retail investor activity reflects growing pessimism. This negative shift isn’t isolated to recent developments—the stock previously hit a four-week low in early November, indicating sustained selling pressure that Read more...