Tesla Inc. $TSLA is encountering a significant headwind as deliveries from its Shanghai Gigafactory decline for the eighth consecutive month. Official data signal persistent softness, with 61,662 Model 3 and Model Y units shipped in May, 15% below the previous year’s comparable period, according to the China Passenger Car Association. This extends a troubling trend for the automaker, amplifying its worldwide sales challenge.
Tesla Inc. $TSLA experienced a significant decline in new car sales in the United Kingdom during May 2024. Preliminary data from New AutoMotive research group, released on Wednesday, reveals that Tesla’s sales dropped by more than 45% year-on-year. The electric vehicle (EV) manufacturer sold 1,758 units in May 2024 compared to 3,244 in the same month last year. Market analysts attribute this decline partly to Tesla CEO Elon Musk's controversial political positions in Europe, which have reportedly alienated a segment of the UK consumer base.
Latest figures reveal that Tesla Inc. $TSLA continues to face substantial headwinds in the French electric car market. According to automotive association Plateforme, deliveries in May dropped to just 721 new vehicles, plunging by 67% compared to the same month last year. This reading marks the weakest monthly result since July 2022, challenging CEO Elon Musk’s earlier assertions that the electric vehicle manufacturer had bounced back from a sluggish start to the year.
India, the world’s third-largest automotive market, has officially enacted a long-awaited electric vehicle (EV) policy aimed at incentivizing global automakers to localize EV production. The policy, which lowers import tariffs for manufacturers that commit to domestic investment, was seen as a direct overture to Tesla Inc. $TSLA. However, India’s federal government confirmed Monday that Tesla has decided not to pursue local EV production, leaving room for competitors such as Mercedes-Benz $MBG.DE and Volkswagen $VOW.DE to gain early-mover advantage in the subcontinent’s burgeoning EV landscape.
The current financial year is shaping up to be pivotal for Panasonic Holdings $6752.T. Despite recent challenges, the Japanese corporate giant is demonstrating remarkable resolve. Panasonic's battery division—key supplier to Tesla $TSLA and other leading automakers—has set ambitious profit targets for FY2025, potentially reshaping the landscape of EV battery manufacturing.
Sales of Tesla Inc. $TSLA in the largest European electric vehicle markets continue to raise concerns among analysts. Despite the recent release of an updated version of its most popular vehicle, demand for this model has been declining, creating a need for a thorough analysis of the current trends.
Tesla Inc. $TSLA, once a dominant force in Europe’s electric vehicle (EV) market, is showing signs of erosion in key regional markets. According to the latest data from Spanish automotive association ANFAC, Tesla’s new car registrations in Spain fell 36% year-on-year in April, totaling just 571 vehicles. The decline is part of a broader downward trend for the company in Spain, where sales for the first four months of 2025 dropped 17% compared to the same period in 2024.
In April 2025, Tesla Inc. $TSLA faced harsh realities in the European market. The automaker registered only 863 new vehicles in France, marking the lowest figure in over two years. Despite ramping up production of its most popular model, Tesla was unable to maintain its standing in the second-largest electric vehicle market in the European Union.
Recent developments in international trade have had a significant impact on Tesla Inc. $TSLA. The leading electric vehicle manufacturer is increasing its vehicle prices in Canada while encouraging buyers to purchase cars imported before the introduction of counter-tariffs on American-made products. This strategy aims to stimulate demand and attract customers amidst rapidly changing trade conditions.
BYD Co. $BYDDY, based in Shenzhen, recently reported its financial results for the first quarter of 2025, showcasing remarkable growth in net profit. The company's net profit surged to 9.15 billion yuan (approximately $1.3 billion), surpassing one of the key benchmarks set by competing giant Tesla Inc. $TSLA.
Tesla $TSLA experienced a noteworthy stock increase of 6.5% in Frankfurt on Wednesday, fueled by the company’s announcement that its automotive business profitability in the first quarter surpassed the lowest market expectations. Despite this boost, the results fell short of other critical metrics such as revenue and net income. Additionally, traders reacted to CEO Elon Musk's recent announcement that he would be reducing his involvement in U.S. administration duties to focus more on managing his various companies.
Investors in Tesla $TSLA are eagerly anticipating important updates regarding the company’s plans to launch a more affordable electric vehicle and its long-awaited robo-taxi service. Additionally, speculation surrounds whether CEO Elon Musk will step back from his involvement in the Trump administration to focus on the day-to-day operations of the company. Following the close of trading on Tuesday, Tesla is set to unveil significant information, marking potentially the most critical moment since the release of the Model 3 in 2017.
