Tesla shares are retreating from recent levels. What’s weighing on TSLA shares?
Tesla Sees Cancellations For Cybertruck OrdersEarlier this year, Tesla told customers they "may qualify" to transfer an existing FSD purchase to the new truck, with eligibility tied to orders placed before March 31, 2026, according to Teslarati.Tesla has now updated the terms to state that FSD transfers will not be allowed for this configuration. The shift has reportedly prompted cancellations from buyers who had counted on the original policy.Tesla delivery advisors reached out to customers with three options: proceed without the transfer, upgrade to a Premium or Cyberbeast trim to request one or cancel the order and receive a refund of the $250 reservation fee.For many buyers who purchased FSD outright on a previous vehicle, losing the transfer option just before delivery has been a major frustration.The reversal comes as Tesla begins assigning VINs and preparing to deliver the first AWD Cybertruck units. With the transfer option removed, the only remaining path is a $99‑per‑month FSD subscription.Tesla’s Chart Is Still In ‘Prove It’ ModeMomentum isn't screaming either way. RSI sits at 48.03, a neutral read that suggests the stock isn't washed out enough to force bargain hunters' hands, but not strong enough to declare the sellers finished. The bigger structural signal remains that April death cross, a setup that often caps rallies until price can build back above longer-term averages and stay there.With May marking a recent swing high and April setting the recent swing low, the market is effectively testing whether this pullback is a routine shakeout, or the start of a deeper retest of demand.Key levels are straightforward:
