Tesla Stock Ends at $252.40 on April 10, Slips 0.99% in Pre-Market on April 11

Key Highlights:

Austin/New York, April 11 (IST): Tesla Inc. (NASDAQ: TSLA) wrapped up the April 10 trading session with a closing price of $252.40, after experiencing choppy movement throughout the day. As of early pre-market hours on April 11, the EV giant’s stock has dropped $2.49 (-0.99%), trading at $249.91, reflecting renewed caution among investors.

April 10 Market Recap for TSLA

• Open: ~$256
• Intraday High: ~$258
• Low: ~$243
• Close: $252.40
• Market Cap: $790.9 billion
• P/E Ratio: 123.83
• 52-Week Range: $138.80 – $488.54

The session saw Tesla dip below $245 before recovering above $250, suggesting high intraday volatility and active trading, possibly from institutional investors rebalancing portfolios.

Why is Tesla Slipping in Pre-Market?

Tesla’s pre-market dip could be driven by:

• Broader EV sector concerns, especially in China where demand shows signs of plateauing
• Ongoing price war impacting margins, as Tesla continues aggressive discounts in global markets
• Valuation pressures with a P/E of 123.83 raising eyebrows among analysts
• Lack of clarity on Cybertruck ramp-up and future delivery growth

Additionally, sentiment might be cautious due to growing competition from legacy automakers and rising interest rates, which impact big-ticket consumer purchases like EVs.

Analyst Watch: High Expectations, Thin Margins

While bulls remain optimistic on Tesla’s long-term AI and autonomy ambitions, bears warn that:

• Slowing delivery growth
• Margin compression
• Elon Musk’s focus shifts (e.g. xAI, SpaceX)

…could weigh on stock performance in the near term. The company’s next earnings call will be critical for guidance on vehicle volumes, energy storage revenue, and updates on the Robotaxi.

What to Track Next

• Q1 earnings date and margin guidance
• Market response to Tesla’s price strategy
• Macroeconomic factors impacting consumer demand
• Movement in growth and EV competitor stocks like Rivian, BYD, and Lucid

Tesla must defend key technical levels around $245–$248, or the stock could retest its April lows if broader market pressure intensifies.

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