US EditionTesla's Stock Slides After More Weak Sales Data
- Tesla's Shanghai Gigafactory shipped 61,662 Model 3 and Model Y vehicles in May 2025, marking a 15% year-on-year decline amid global sales struggles.
- The decline results from intense competition by Chinese EV makers offering cheaper, high-performance models as China's EV market experiences strong growth.
- Tesla's market share is shrinking in China and Europe, with sales falling sharply in Germany, Italy, and the UK, while BYD's global sales increased by 14.1% in May.
- Tesla expanded its participation in a state-supported campaign aimed at promoting electric vehicles in rural areas and provided complimentary transfers of its intelligent driving features in China until the end of June to stimulate demand, despite experiencing eight months of consecutive shipment declines.
- Tesla's stock dropped nearly 4% on June 4, 2025, reflecting sales pressures and market skepticism, though the company expects sales to improve with new Model Y deliveries in coming months.
Insights by Ground AI
Does this summary seem wrong?
23 Articles
23 Articles
All
Left
5
Center
6
Right
2
Tesla board members stir controversy after making shocking move with company stock: 'The truth will be told shortly'
Two of Tesla's board members, Ira Ehrenpreis and Kimbal Musk, have sold nearly $200 million of the company's stock. According to Electrek, Ehrenpreis sold 477,572 shares worth over $162 million, and Kimbal Musk sold 91,588 shares worth more than $32 million. Tesla car sales are dropping, especially in Europe. In the United States, Tesla sales from the first quarter of 2025 were the lowest they have been in nearly three years, according to Reuter…
Coverage Details
Total News Sources23
Leaning Left5Leaning Right2Center6Last UpdatedBias Distribution46% Center
Bias Distribution
- 46% of the sources are Center
46% Center
L 38%
C 46%
15%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
