Tesla shares fell 1% in premarket trading.
The company issued a recall for 173 Cybertrucks. This action affects vehicles from model years 2024 through 2026. Potential cracks in wheel hub components prompted the recall to mitigate crash risks.
Data from the China Passenger Car Association shows Tesla's April sales dropped 10% year-over-year. The automaker sold 25,956 vehicles in the region during the month.
The company's share of the Chinese new-energy vehicle market fell to 3%. This figure represents Tesla's weakest market position since November 2025. Tesla remains a key holding for investors in the consumer discretionary sector.