Tesla Stock Drops Amid Market Volatility Ahead of Earnings

Tesla's stock has shown significant volatility recently, closing at $252.24, a slight decline of 0.06% from the previous day, while the broader market saw gains. The company is expected to announce its earnings on April 22, 2025, with projected revenue of $21.85 billion, reflecting a slight increase from the prior year. Despite some positive movements, Tesla's stock faced a drop of 0.99% in pre-market trading due to investor caution stemming from broader EV market concerns and high valuation pressures. Factors such as plateauing demand in China, competition from legacy automakers, and rising interest rates are contributing to investor sentiment. Analysts are anticipating the upcoming earnings call for insights into vehicle volume guidance and developments on the Cybertruck. Observers note that maintaining key technical levels around $245–$248 is crucial to avoid further declines.