From Nasdaq: 2025-06-04 12:32:00

Elon Musk steps away from President Trump’s Department of Government Efficiency effort, as Tesla prepares to launch robotaxi technology in Austin. Tesla stock drops 5% due to declining EV sales in Germany by 36% year over year and a 15% decline in May shipments from Tesla’s Chinese factory.

Investors are concerned about Tesla’s sales decline amid the launch of the Model Y and Elon Musk’s public split from President Trump over autonomous driving regulations. Musk’s relationship with Trump could impact Tesla’s Full Self-Driving launch in Texas, causing investors to watch his interactions with Washington leaders closely.

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Disclaimer: The author, Howard Smith, holds positions in Tesla. The Motley Fool recommends and has positions in Tesla. Stock Advisor returns as of June 2, 2025. Views expressed are those of the author and may not reflect those of Nasdaq, Inc.



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