On Wednesday and Thursday Eastern Time, Tesla's stock price fell more than 2% and 6%, respectively; on Friday, it dropped over 4% at the ope
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On Wednesday and Thursday Eastern Time, Tesla's stock price fell more than 2% and 6%, respectively; on Friday, it dropped over 4% at the opening but then rebounded amid volatility. Recent reports indicate that Tesla's sales in China in October fell to 26,006 units, marking the lowest level in three years and representing a 35.8% decline year-on-year. The company is recalling approximately 10,500 Powerwall 2 battery systems due to risks of overheating, burns, and fires. In the early hours of November 7, Tesla held its annual shareholders' meeting, during which Elon Musk successfully secured approval for his $1 trillion compensation package. How should one interpret Tesla's recent market performance? Is the sharp decline a 'golden buying opportunity' or a sign of impending danger?