Core Insights - Tesla's shares have declined due to falling sales in China and investor opposition to Elon Musk's compensation package, yet the company shows underlying resilience [1] Sales Performance - Tesla's wholesale sales from its Shanghai factory dropped 9.9% year-over-year in October to 61,497 units, marking the lowest sales since May and reversing a 2.8% gain in September [2] - The decline in sales was influenced by waning interest in the six-seat Model Y Long Range, which saw a 32% month-over-month drop, amid a competitive price war that also affected rival BYD with a 12% global sales decline [2] European Market Impact - In nine key European countries, Tesla registrations fell by 36.3% year-over-year in October, indicating challenges in maintaining market share [3] Investor Sentiment - Norges Bank Investment Management, managing Norway's $2.1 trillion sovereign wealth fund, announced it would vote against Elon Musk's proposed compensation plan, citing excessive dilution and "key person" risks [3][4] - The fund also opposed the re-election of two board directors, reflecting broader concerns about governance [4] Momentum and Stock Performance - Despite the challenges, Tesla's momentum score improved, with Benzinga Edge's Stock Rankings placing it in the top 10th percentile at 91.29, a rise from 88.62 [5] - Year-to-date, Tesla has gained 17.13%, although it experienced a 3.97% decline over the last five days and a 1.98% dip monthly [6] - In premarket trading, the stock was up 0.57%, with positive trends observed in short, medium, and long-term outlooks despite a poor value ranking [6]

Core Viewpoint - Tesla Inc. is facing challenges with declining sales in China and investor opposition to Elon Musk's compensation package, yet the company's underlying momentum remains strong [1]. Group 1: Sales Performance - Tesla's wholesale sales from its Shanghai factory dropped 9.9% year-over-year in October to 61,497 units, marking the lowest sales since May and reversing a previous 2.8% gain in September [2]. - The decline in sales is attributed to waning interest in the six-seat Model Y Long Range and a significant 32% month-over-month drop, amidst a competitive price war that also affected rival BYD, which saw a 12% global sales decline [2]. - In nine key European countries, Tesla registrations fell by 36.3% year-over-year in October [3]. Group 2: Investor Sentiment - Norges Bank Investment Management, managing Norway's $2.1 trillion sovereign wealth fund, announced it would vote against Elon Musk's proposed $1 trillion compensation package, citing excessive dilution and "key person" risks [3][4]. - The fund also opposed Musk's previous $56 billion compensation package and is against the re-election of two board directors [4]. Group 3: Stock Performance and Momentum - Despite the challenges, Tesla's momentum score improved, with Benzinga Edge's Stock Rankings showing a rise to the top 10th percentile at 91.29, up from 88.62 [5]. - Year-to-date, Tesla has gained 17.13%, although it experienced a recent 3.97% decline over five days and a 1.98% dip monthly [6]. - In premarket trading, Tesla's stock was up 0.57%, with positive trends observed in the short, medium, and long term, despite a poor value ranking [6].