Tesla stock is up despite bad European sales!

Hi HODLers,

Tesla has been an interesting case of Hopium. Following Elon's involvement in the US Government; the company has faced a lot of headwinds. From EU boycott, cybertruck "failure" and other issues.

Overall, battery electric-vehicle sales rose 34% to 186,440. Tesla’s market share slipped to about 5% from 11%.

Tesla’s share of European EV sales is down about 8 percentage points, to about 8%.

Globally, Tesla sold 720,803 vehicles in the first half of 2025, down 13% year over year.

Tesla launched an AI-trained self-driving taxi service in Austin, Texas, in June. Coming into Thursday trading, Tesla stock rose 46% between the company’s Oct. 10 robot-taxi unveiling event and the launch of service. That jump was worth some $350 billion in market value.

This is the main point, Tesla is entirely trading on hopes about the Robot Taxi rollout and the entire "robot" theme.

I cannot and will not underestimate Elon Musk but I also do not want to touch this company as the legacy business is in a terrible spot with increased competition from Chinese EV manufacturers and US based EV competition on the high-end segment.

Tesla Share Price $TSLA

Source

Stay safe out there,

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