Tesla's shares sank nearly 7% in premarket trading as the EV giant grapples with sinking sales and mounting doubts over its future under CEO Elon Musk, deepening investor anxiety after another shaky quarter.

Gordon Johnson, CEO and founder of data firm GLJ Research, who is bearish on Tesla, said the boost in revenue from government credits afforded the company a financial lifeline eve

Elon Musk warned of difficult times ahead for Tesla Inc. following one of the carmaker’s worst stretches since it first started producing electric sedans over a dozen years ago.

Tesla missed profit targets for a fourth straight quarter and postponed its Robotaxi event, dragging other EV names lower.

In 2020, Tesla controlled nearly 80% of the U.S. market, based on data from Experian. By 2022, that was down to 65.4%, followed by 55% in 2023. This year, per Cox Automotive, that share continues to decline, hovering around 45% as of July 11.

Tesla's Model Y has been the dominant player in the segment for years, but Nissan’s Ariya offers a persuasive alternative.

In the following piece, we will review whether the Tesla Model Y’s price over time has changed drastically, contrasting the current price to that of its initial release, and offering a prediction of where its price trend is likely to head.

Musk has never shied away from stunning predictions or controversial pivots, but this time, his comments could reshape Tesla’s roadmap for the near future. Tesla has depended on two major financial boosts for years: consumer EV tax credits and regulatory credit sales to legacy automakers.