Sales data from China showed Tesla's April sales declined almost 9% year over year in the world's largest electric vehicle (EV) market. Things haven't started to improve, either, as the company's overall 2025 sales in China have dropped by 56%, Barron's reported today.

Tesla shares have surged more than 16 per cent in five days but experts warn the increase may be temporary. According to eToro market analyst Farhan Badami, the spike comes as the auto giant prepares to launch Robotaxi in the US and its status awaiting Full Self-Driving Capability (FSD) in Europe.

Tesla shares slipped on Monday after rising in each of the past two weeks following the EV maker's latest earnings report. An auto industry group in Spain said EV sales rose in the country in April, while Tesla's sales declined.

Typically, this would result in a sharp decline in investor confidence and share prices. Tesla’s share prices have indeed dropped over 40% this year. But after the earnings report, Tesla’s stock rallied when CEO Elon Musk vowed to scale back his involvement with the US Department of Government Efficiency (Doge) and focus on Tesla instead.

Amazon and Meta stocks led the "Magnificent Seven" Big Tech stock surge after the US and China ... up of Nvidia (NVDA), Alphabet (GOOG, GOOGL), Tesla (TSLA), Microsoft (MSFT), Amazon (AMZN ...