Tesla (TSLA) stock is down during Friday’s trading session after the EV maker pulled the option to purchase select Tesla vehicles in China. Tesla removed the “order” button from its China website for the Model S sedan and Model X SUV. The EV maker updated its model lineup both in China and the US on Friday due to tariffs and demand issues.

This week, China raised its tariffs on US imports to 125% from 84%. The hike comes as the two appear in a tariff standoff, with the latter also raising its tariffs against China but pausing tariffs against other countries. Tesla fell 3% on Saturday after rebounding slightly on Wednesday and Thursday. Chinese customers can still purchase the vehicles from the country’s existing inventory, however, Tesla has only sold around 2,000 Model S and Model X EVs in China.

Tesla is up around 5% in the past week following Wednesday’s climb amid market volatility. The majority of the US stock market, especially top options like TSLA and NVDA, were hit hard from Donald Trump’s tariff policy that went into effect last week.

Also Read: Trump’s Economic Fix? Why His Tariff Pause Won’t Solve the Crisis

Furthermore, Musk’s political activities are seen as damaging the overall Tesla brand. Tesla’s recent performance has definitely alarmed quite a few investors and analysts alike. The company just delivered about 336,681 cars in Q1 2025, which shows a pretty concerning 13% year-over-year decline. This figure also missed analyst expectations of around 370,000 vehicles by a really significant margin. A JPMorgan analyst reiterated an Underweight rating on Tesla and expressed concerns over “unprecedented brand damage” from Musk’s recent activities.

Year-to-date, TSLA is down over 30%, with few signs of rebounding. However, a sign has recently emerged in Tesla stock’s price chart, giving one analyst hope that a surge is coming. Additionally, after falling below the 200-day moving average in early March, the stock has carved two troughs on the chart, potentially forming a double bottom pattern. The double bottom is a notorious sign among analysts of a bullish climb. An acceleration of Wednesday’s buying momentum could see the shares test overhead resistance around $289. Surpassing that resistance could swing TSLA shares even higher, inching towards the $360 and even $400 zone. Investors will hope that despite the Chinese sale’s pause, Tesla (TSLA) stock will pick back up.

Tesla (TSLA) stock is down during Friday’s trading session after the EV maker pulled the option to purchase select Tesla vehicles in China. Tesla removed the “order” button from its China website for the Model S sedan and Model X SUV. The EV maker updated its model lineup both in China and the US on Friday due to tariffs and demand issues.

This week, China raised its tariffs on US imports to 125% from 84%. The hike comes as the two appear in a tariff standoff, with the latter also raising its tariffs against China but pausing tariffs against other countries. Tesla fell 3% on Saturday after rebounding slightly on Wednesday and Thursday. Chinese customers can still purchase the vehicles from the country’s existing inventory, however, Tesla has only sold around 2,000 Model S and Model X EVs in China.

Tesla is up around 5% in the past week following Wednesday’s climb amid market volatility. The majority of the US stock market, especially top options like TSLA and NVDA, were hit hard from Donald Trump’s tariff policy that went into effect last week.

Also Read: Trump’s Economic Fix? Why His Tariff Pause Won’t Solve the Crisis

Furthermore, Musk’s political activities are seen as damaging the overall Tesla brand. Tesla’s recent performance has definitely alarmed quite a few investors and analysts alike. The company just delivered about 336,681 cars in Q1 2025, which shows a pretty concerning 13% year-over-year decline. This figure also missed analyst expectations of around 370,000 vehicles by a really significant margin. A JPMorgan analyst reiterated an Underweight rating on Tesla and expressed concerns over “unprecedented brand damage” from Musk’s recent activities.

Year-to-date, TSLA is down over 30%, with few signs of rebounding. However, a sign has recently emerged in Tesla stock’s price chart, giving one analyst hope that a surge is coming. Additionally, after falling below the 200-day moving average in early March, the stock has carved two troughs on the chart, potentially forming a double bottom pattern. The double bottom is a notorious sign among analysts of a bullish climb. An acceleration of Wednesday’s buying momentum could see the shares test overhead resistance around $289. Surpassing that resistance could swing TSLA shares even higher, inching towards the $360 and even $400 zone. Investors will hope that despite the Chinese sale’s pause, Tesla (TSLA) stock will pick back up.