Tesla's Stock Sees Minor Increase in Premarket Trading Following Monday's Decline

Tesla's Market Share Decline: Tesla's share of the American EV market has dropped from 80% to 38%, marking its lowest level in eight years, as reported by Cox Automotive.

Stock Performance and CEO Compensation: Following the market share news, Tesla's stock fell 1.3% but saw a slight recovery of 0.5% in premarket trading; CEO Elon Musk's proposed pay package could reach $1 trillion if certain targets are met.

Earnings Report and Economic Challenges: Tesla reported a revenue of $22.5 billion in Q2, the largest decline in a decade, attributing poor results to a "sustained uncertain macroeconomic environment" and changing regulatory conditions.

Analyst Concerns: Financial analyst Danni Hewson described Tesla's declining market share and Musk's compensation plan as a "toxic mix," highlighting increased competition and a lack of affordable models as factors dampening demand.