US EditionTesla’s EV Deliveries Are Seen Falling as Demand Erodes Sharply
- Tesla shares dropped sharply in early June 2025, losing $152 billion in market capitalization amid falling deliveries worldwide.
- The decline followed a public feud between CEO Elon Musk and President Trump and coincided with weaker quarterly delivery data across key markets.
- Sales fell mid-teens percent year-over-year in the U.S. Through May and dropped 50% in Europe in April, with continued declines in May and a 20% decrease in China for that month.
- Goldman Sachs lowered Tesla's price target to $285, citing weaker second-quarter delivery projections between 335,000 and 395,000 vehicles and attributing this to soft consumer demand and geopolitical risks.
- The results signal challenges ahead for Tesla's delivery growth, intensifying pressure to execute product launches like affordable models and robotaxis while managing supply chain localization.
13 Articles
13 Articles
Tesla’s EV Deliveries Are Seen Falling as Demand Erodes Sharply
Wall Street is reining in expectations for Tesla Inc. deliveries as the Elon Musk-run automaker struggles with waning consumer demand and the threat of reduced US federal incentives for electric vehicles.
Goldman Sachs reduces Tesla price target to $285
Goldman Sachs analysts cut Tesla’s price target to $285 from $295, maintaining a Neutral rating. The adjustment reflects weaker sales performance across key markets, with Tesla shares trading at $284.70, down nearly 18% in the past week. The analysts pointed to declining sales data in the United States, Europe, and China as the primary driver for the revised outlook. In the U.S., Tesla’s quarter-to-date deliveries through May fell mid-teens year…
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