Tesla is trading 5.9% lower in pre-market action following the release of 2025 full-year financial data, which revealed a 3% decline in annual revenue to $94.8 billion and a significant 46% drop in net profit to $3.79 billion. While Elon Musk recently unveiled the ambitious $25 billion Terafab chip project in Austin, investors appear to be reacting negatively to the underlying weakness in the company's core profitability metrics. This downward pressure is further compounded by reports of increased competition in the autonomous vehicle space, specifically from new challenges in the robotaxi market. Consequently, the stock is struggling to maintain support levels as market sentiment shifts toward prioritizing immediate deployment and safety data over long-term speculative projects.
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