Tesla Stock Slumps Amid Declining Global Sales
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Tesla shares tumbled more than 3% in early trading before paring losses to 1.75% as reports surfaced of weakening demand across key markets. German registrations plummeted to just 885 vehicles in April—a stark contrast to prior-year performance and nearly half of rival BYD’s 1,556 units in the same region.
The electric vehicle pioneer faces mounting pressure from Chinese competitors and political headwinds linked to CEO Elon Musk’s polarizing statements. Sales in Germany have cratered 60% year-to-date, reflecting both intensified market competition and brand perception challenges.
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