Tesla Inc (NASDAQ:TSLA) shares are facing renewed pressure on Tuesday. The company changed its Full Self‑Driving transfer policy for buyers of the $59,000 Cybertruck AWD. Here’s what you need to know.
- Tesla shares are retreating from recent levels. What’s weighing on TSLA shares?
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, according to Teslarati.
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 reached out to customers with three options: proceed without the transfer, upgrade to a Premium or Cyberbeast trim to request one or 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.
The reversal comes as Tesla begins assigning VINs and preparing to deliver the first AWD Cybertruck units. With the transfer option removed, the only remaining path is a $99‑per‑month FSD subscription.
Tesla’s Chart Is Still In ‘Prove It’ Mode
Technically, Tesla has been struggling to reclaim key moving averages after April's breakdown and death cross, and Tuesday's move kept that pressure intact. The stock is trading 8.4% below its 20-day SMA and 6.1% below its 200-day SMA, even after a strong 12-month gain of 26.40%. It's also 1.7% below the 50-day SMA and 3.4% below the 100-day SMA, which is evidence that recent rebounds have been more like short-lived relief rallies than the start of a clean trend reset.
Momentum isn't screaming either way. RSI sits at 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. The bigger structural signal remains that April death cross, a setup that often caps rallies until price can build back above longer-term averages and stay there.
With May marking a recent swing high and April setting the recent swing low, the market is effectively testing whether this pullback is a routine shakeout, or the start of a deeper retest of demand.
Key levels are straightforward:
- Key Resistance: $453.00
- Key Support: $364.00
TSLA Shares Are Sliding
Broader market pressure is adding to Tesla’s headwinds Tuesday, 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 — a macro backdrop that tends to weigh hardest on momentum names like Tesla, which remain sensitive to interest rate sentiment and consumer spending outlook.
TSLA Price Action: Tesla shares were down 5.81% at $385.14 at the time of publication on Tuesday, according to Benzinga Pro.
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