According to Gary Black, TSLA fell 5.4% today and 2.1% yesterday as analysts reduced both short- and long-term earnings estimates amid weak Tesla EV demand in China and Europe (source: Gary Black on X, Nov 13, 2025). He adds that earnings from robotaxi and the Optimus humanoid will take time to materialize, limiting near-term support to EPS and valuation multiples (source: Gary Black on X, Nov 13, 2025). He also notes that ARKK fund selling is adding incremental pressure to TSLA, reinforcing near-term headwinds for the stock per his view (source: Gary Black on X, Nov 13, 2025).