Tesla stock drops 5% as European sales decline for fifth month; negative.

From Yahoo Finance: 2025-06-25 10:53:00

Tesla’s recent robotaxi test in Texas coincides with negative data on its core auto business, leading to a 5% stock drop. Tesla’s European EV registrations fell 27.9% in May, with overall EV registrations rising 25%. May marks the fifth consecutive month of declining Tesla sales in Europe, with overall sales down 37.1% year to date.

France’s PFA reported a 67% drop in new Tesla registrations in May, while Mobility Sweden saw a 53.7% decrease. Registrations also fell in Denmark, the Netherlands, Spain, and Portugal. Only Norway showed sales gains in Europe. Tesla’s CEO Elon Musk’s political controversies have led to disillusionment among some Tesla owners, impacting sales.

Wells Fargo expects Tesla’s second-quarter deliveries to be down 21% YoY. In Q1, Tesla reported 336,681 deliveries, the worst quarter since Q2 2022. While EV sales in Europe are rising, China’s BYD, the top EV producer, has slowed production, canceling night shifts and reducing output by at least a third at some factories. BYD targets 5.5 million car sales this year.



Read more at Yahoo Finance: Tesla stock slides as European sales in May drop for fifth straight month