KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
Tesla’s Q2 FY25 delivery report surprised the market with a 13.5% YoY drop to 384,122 units — the second consecutive quarterly decline. Even with a 14% QoQ rebound, volumes are still below the pace needed to beat FY24’s numbers, raising concerns of another year of negative growth.
What’s Dragging Tesla?
Global EV demand is cooling, especially in the US and EU.
Tesla’s ageing model line-up is losing shine vs. newer competitors.
Musk’s political pivot — forming a US political party — adds governance risk and threatens Tesla’s perception in liberal markets.
Trump’s potential return could mean a rollback of EV tax credits, including the $7,500 incentive — a major demand lever.
Market Reaction
Stock rebounded 4.5% post-earnings on China/Europe recovery optimism.
But analysts remain cautious — Tesla needs to deliver 1M+ units in 2H25 to avoid a full-year decline, an uphill climb amid regulatory and macro pressure.
Azoria Partners just delayed the launch of a Tesla-focused ETF, citing concerns over Musk’s political distractions.
“This isn’t about quarterly numbers. It’s about focus, governance, and the long-term story,” – James Fishback, CEO, Azoria Partners.
Trade Idea:
Feeling bearish on Tesla’s near-term? Consider the T-Rex 2x Inverse Tesla Daily Target ETF (TSLZ) – a leveraged short exposure to TSLA, ideal for high-conviction traders during volatility spikes.
📌 Note: Tesla’s short-term narrative is clouded by delivery pressure + political noise. It may be wise to take profit or hedge exposure if you're holding.
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