Tesla Inc shares are facing renewed pressure. The company has changed its Full Self-Driving transfer policy for buyers of the $59,000 Cybertruck AWD.
Key Developments
- Tesla shares are retreating from recent levels, with several factors contributing to the decline.
Tesla Sees Cancellations For Cybertruck Orders
Earlier 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. However, 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 have reached out to customers with three options:
- Proceed without the transfer
- Upgrade to a Premium or Cyberbeast trim to request one
- 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.
Technical Analysis
Technically, Tesla has been struggling to reclaim key moving averages after April’s breakdown and death cross. The stock is trading:
- 8.4% below its 20-day SMA
- 6.1% below its 200-day SMA
- 1.7% below the 50-day SMA
- 3.4% below the 100-day SMA
Momentum isn’t screaming either way, with an RSI of 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.
Key Levels
- Key Resistance: $453.00
- Key Support: $364.00
TSLA Shares Are Sliding
Broader market pressure is adding to Tesla’s headwinds, as investors rotate out of high-beta growth names ahead of Wednesday’s May CPI print. With April CPI already running hot at 3.8% year-over-year, markets are bracing for another elevated read that could push back expectations for Fed rate cuts.
TSLA Price Action
Tesla shares were down 5.81% at $385.14, according to recent data.