Tesla European Sales Plummet, Robotaxi Scrutiny
Analysis based on 7 articles · First reported Jun 25, 2025 · Last updated Jun 26, 2025
Tesla, Inc.'s significant sales decline in Europe and issues with its 'robotaxis' service have led to a drop in its stock price, raising concerns among investors. This situation also highlights increased competition from companies like SAIC Motor in the growing European EV market.
Tesla, Inc. has experienced a 28% sales plunge in Europe for the fifth consecutive month in May, according to the China Association of Automobile Manufacturers. This decline occurred despite a sharp expansion in the overall electric vehicle market in Europe. Investors had hoped for a 'major rebound' promised by CEO Elon Musk, but the company's stock price fell over 4% following the news. Factors contributing to the sales slump include growing competition from Chinese brands like SAIC Motor, which saw its European sales jump 38%, and consumer backlash against Elon Musk's public support for the far-right Germany — Alternative for Germany party. Concurrently, Tesla, Inc. is conducting test runs of its driverless 'robotaxis' service in United States — Austin, Texas, which has faced regulatory scrutiny and reports of operational issues, including driving into opposing traffic lanes.
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