Tesla Stock Reaches Oversold Levels Not Seen Since March 2025
Tesla's (TSLA) stock has reached its most oversold level in over a year, with an RSI of just 14. This follows a sharp decline after the company missed earnings expectations and provided limited updates on key projects like Robotaxi and Optimus during its recent quarterly call. Investors are growing concerned about Tesla's aggressive capital expenditures—$25 billion for 2026—and whether these investments will yield returns soon enough. Deutsche Bank analyst Edison Wu noted that the slow progress in scaling production of AI-driven products has disappointed market expectations, adding to stock volatility. The S&P 500 (^GSPC) is up nearly 8% this year while Tesla's shares have dropped by over 30%. Analysts warn investors may face a period without major milestones from the company before late in the year.
Tickers: $TSLA
Topics: capital expenditures Optimus robot Robotaxi RSI Tesla