This update followed a separate report from Reuters last Friday stating that the company had seen vehicle sales in Europe fall roughly 37% year over year in the first quarter despite a 28% increase for EV sales overall in the market. With today's pullback, Tesla stock is down roughly 31% in 2025.

CompanyOverview|NASDAQ:TSLA] Shares of Tesla Inc. (NASDAQ: TSLA) closed just under $290 before the weekend, marking a stunning 30% rebound from their pre-earnings low earlier this month. The stock is still down from its December all-time highs,

Tesla (NASDAQ: TSLA) has been talking about a cheaper EV for years, but it has always been just out of reach, and plans to build one have continually changed. Here are three things we know about Tesla's upcoming lower-priced EV and what it may mean for the company after it is launched.