Why did Tesla go down?

Tesla's stock decline from July 17 to July 23 can be attributed to several factors: 1. **Appointing an IT Executive to Lead Sales**: Tesla's strategic shift in appointing an IT specialist, Raj Jegannathan, to lead sales amid recent executive departures may raise concerns among investors about the company's ability to maintain sales momentum without a sales background executive. 2. **Second-Quarter Revenue Decline**: Tesla reported a 12% revenue decline in the second quarter, missing analysts' estimates, which could indicate weakening demand and pricing power. The company's adjusted earnings per share dropped by 23% year-over-year, further signaling profitability concerns. 3. **Production Cut and Pricing Pressure**: Tesla's recent production cut of the Cybertruck and the launch of a more affordable model have been delayed, which could impact short-term sales. Additionally, increased competition from Chinese automakers rolling out new models and deeper discounts may be eroding Tesla's pricing power. In summary, Tesla's stock decline is likely a result of a combination of factors including strategic shifts, revenue decline, production cut and pricing pressure. |code|Ticker|Name|Date|Percentage Change|market_code| |---|---|---|---|---|---| |TSLA|TSLA.O|Tesla|20250723|0.1354972749992438|185|