Tesla stock price may 23 2025 could experience upward pressure due

Tesla stock price May 23 2025 could experience upward pressure due to favorable Chinese EV market data, with exports forecast to grow 22% YOY. Tesla reported dismal financial results in the second quarter. Deliveries declined 13%, due in part to increased competition, but consumers also shied away from the brand due to CEO Elon Musk's political activities. In turn, revenue declined 12% to $22 billion and non-GAAP net income declined 23% to $0.40 per diluted share. Sign up for free newsletters and get more CNBC delivered to your inbox Tesla stock price May 23 2025 could be influenced by investor rotation into growth stocks, with the EV sector regaining favor against defensive plays.