Tesla Slips to Third on WSB Amid Union Turmoil and Market Skepticism

In the latest WSB rankings, Tesla dropped to third place, down two spots from the previous day. Tesla's stock rose 0.62%, despite hitting the lowest intraday price since September 2024.

Recently, Tesla faced criticism as German union IG Metall accused the management at its Berlin Gigafactory of employing aggressive tactics against employees forming a union. This came after a union committee member was dismissed without prior notice. Tesla has not yet responded to requests for comments on this issue.

On October 11, Tesla held a product launch titled "We, Robot," introducing innovative products like the Cybercab, Robovan, and Optimus humanoid robot. Elon Musk praised the potential of these products, highlighting the cost-effectiveness of autonomous taxis. However, the market's response post-event wasn't as enthusiastic as expected, leading to an 8.78% drop in Tesla's stock, causing significant concern among investors.

This decline reflects investor skepticism about Tesla's autonomous technology and commercialization strategies. While showcasing the Cybercab's operational cost advantage, Musk failed to provide concrete implementation details. This lack of clarity has left analysts questioning Tesla's profitability path.

Analysts also noted Tesla's absence of a new budget-friendly electric vehicle, missing an opportunity to attract price-sensitive markets. This omission has widened the gap between market expectations and reality. As Tesla navigates these challenges, its commercial path and the viability of its innovations remain under scrutiny.