Customers have favoured Chinese EVs because of their competitive prices and in some cases in protest against Musk's political activities.

Meanwhile, in Norway, Tesla sales were up an astonishing 213 percent year over year in May. One key difference: Norwegian buyers have begun receiving the refreshed Model Y, while the model will only start to be delivered in major countries such as Germany, Italy, France and Great Britain in June.

Elon Musk has alienated “multiple sides of the political spectrum” from Tesla, according to one prominent Wall Street analyst.

Goldman Sachs lowered Tesla's target price citing weak deliveries in Europe and US. Tesla stock fell 14% on Thursday, wiping out $152 billion.

Tesla's sales in Germany plummeted by 36.2% in May, marking a fifth consecutive month of decline, while the overall EV market surged. Across Europe, T

Tesla car sales in May were sharply lower in France and other European countries. That is a sign of a global problem the company faces.

Tesla faces a dramatic sales decline in Quebec, Canada, with only 524 cars sold in Q1 2025, a steep 85% drop from the previous quarter. The suspension of federal EV rebates contributes to this downturn amid a broader trend affecting sales in Europe as well.

Tesla Inc dropped 14% in a single day yesterday, representing one of its most significant one-day falls in the past few years.