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]

Tesla Inc. (NASDAQ:TSLA) shares have dipped amid fresh blows from slumping China sales and a high-profile investor revolt against Elon Musk‘s eye-popping $1 trillion pay package, yet the electric vehicle giant’s underlying momentum tells a defiant tale of resilience.Check out TSLA’s stock price here. Tesla’s Car Sales Drop In OctoberThe starkest setback hit in China, Tesla’s vital growth engine. October wholesale sales from its Shanghai factory plunged 9.9% year-over-year to 61,497 units—the lowest since Ma ...