Shares in Elon Musk's electrical vehicle manufacturer have lost nearly 10% in June.
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Tesla on Wednesday reported a second straight quarter of declining automotive sales.
"We ... advise investors approach TSLA shares with a high degree of caution," analyst Ryan Brinkman said in a note.
Shares have dipped 27% in 2025.
The chatter is about a potential merger with SpaceX, Elon Musk's breakout rocket company that is set to go public later this year…
"We're not going to focus on that near-term stress," said Tom Hulick, CEO of Strategy Asset Managers.
Tesla is facing stiffer competition globally from electric vehicle players, especially low-cost competitors from China.
