Shares of Tesla ( TSLA -5.40%) are rebounding on Wednesday. The electric vehicle maker's stock gained 5.1% as of 12:22 p.m. ET after falling as much as 6.4% earlier in the day. The recovery comes as the S&P 500 and Nasdaq Composite gained 0.5% and 0.9%, respectively.

EV maker Tesla's latest numbers for Sweden, Denmark, and the Netherlands are down over 60% in March, but TSLA stock is doing fine.

Sales in Europe appear to be plunging — down 42% in the first two months of 2025. Now one company appears to be capitalizing on Tesla's missteps.

Automotive industry experts told BI that Tesla needs to launch more models, develop more advanced technology, and up its advertising.

Tesla sales plunged 13% in the first three months of this year, as the company reported the largest drop in deliveries in its history by far, as backlash against CEO Elon Musk, and growing competition from other automakers’ electric vehicles,

Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.

The bank is skeptical about the timing of a cheaper Tesla model, as well as the success of a coming robotaxi service.