Tesla Inc Slips 2% Monday After 15% Rally, Earnings Caution Builds

Tesla Inc shares fell over 2% on April 20, pausing a 15% weekly rally that snapped an eight-week losing streak with a 3.01% surge to $400.62 on April 17 amid elevated 88.9 million share volume (41% above average). The momentum started April 15 with nearly 8% jumps on Elon Musk's AI5 chip milestone, Intel terafab news, and mixed analyst views (Cowen $490 buy, Barclays $360 caution), despite Q1 delivery miss of 358,000 vehicles sold versus 408,000 built. Investors now focus on April 22 earnings for robotaxi/AI updates, with EPS estimates at $0.36 on $22.3 billion revenue amid EV demand headwinds.