Tesla Stock (NASDAQ:TSLA) Slides as European Tesla Buyers Find Options Curtailed

Business Insider

6 days ago

Interested in a new Tesla (TSLA) electric vehicle? Live in Europe? Then I have some bad news for you today, as your shopping options got just a little narrower. Two models of Tesla vehicles are apparently no longer available for order in Europe. Leaving money on the table seldom sits well with shareholders, and today proved no exception. Shares slid nearly 2% in Thursday morning's trading.
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Tesla will no longer be taking orders for the Model S and the Model X in Europe, reports note. Investigations of several countries' Tesla sites—including Italy, France, Germany and more—confirmed that the S and X were nowhere to be seen. Only 'inventory' versions of these cars were available for purchase. However, the Model 3 and the Model Y were both unfazed by the change, and were still available for order with full configuration options.
Reports suggest that the Model S and the Model X are considered 'other' models at Tesla, along with the Cybertruck. And given that Tesla only delivered 10,394 of those 'other' models in the latest quarter, this may be a sign that Tesla is no longer supplying what people do not want. Other reports, however, note that this kind of thing has happened before. When lead time for orders grows too long, Tesla has been known to shut down ordering on certain models to let production catch up.
Now With New Lighting!
Other reports note that Tesla has brought out a new feature that customers have been eagerly anticipating for some time now. For cars with interior ambient lighting, the new Version 2025.26+ Software Update will bring out an exciting new feature: 'Sync Accent Lights w/Music.' Available in the Tesla Toybox, the update basically turns your car's interior into a sweet dance party.
More specifically, it takes the car's interior lighting and allows it to both pulse rhythmically and change color according to the music being played. This is not at all a performance feature. But in terms of sheer gee-whiz factor, it is hard to beat an interior lighting scheme that will adjust itself according to your musical preferences. That might be the kind of thing that tilts some customers into a buying decision, and Tesla could use more buyers right now.
Is Tesla a Buy, Hold or Sell?
Turning to Wall Street, analysts have a Hold consensus rating on TSLA stock based on 14 Buys, 14 Holds, and eight Sells assigned in the past three months, as indicated by the graphic below. After a 47.12% rally in its share price over the past year, the average TSLA price target of $310.84 per share implies 0.45% downside risk.