Tesla faces steep global sales declines as CEO Elon Musk shifts focus back to the struggling automaker, according to Ars Technica. Registrations in Germany have dropped over 36% year-over-year, even as EV sales jumped 45%. The UK and Italy showed similar trends, with Tesla sales falling 45% and 20%, respectively, despite national EV growth. Tesla’s Shanghai plant delivered 15% fewer vehicles, under pressure from cheaper, feature-rich local rivals. A bright spot emerged in Norway, where Tesla sales surged 213%. The EV giant also faces rising costs from Trump's tariffs and slow adoption of Tesla’s NACS charging standard. Tesla faces a looming deadline for its autonomous taxi launch in Austin after being denied a trademark for "robotaxi," complicating its branding efforts. Musk’s recent social media attacks on Republican lawmakers may further isolate the company politically.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Tesla faces steep global sales declines as CEO Elon Musk shifts focus back to the struggling automaker,
00:07according to Ars Technica.
00:09Registrations in Germany have dropped over 36% year-over-year, even as EV sales jumped 45%.
00:14UK and Italy showed similar trends, with Tesla's sales falling 45% and 20% respectively,
00:20despite national EV growth.
00:22Tesla's Shanghai plan delivered 50% fewer vehicles under pressure from cheaper,
00:26feature-rich local rivals.
00:28Right spot emerged in Norway, where Tesla sales surged 213%.
00:32EV giant also facing rising costs for Trump's tariffs and slow adoption of Tesla's NACS charging standard.
00:39Tesla faces a looming deadline for its autonomous taxi launch in Austin,
00:43after being denied a trademark for the term RoboTaxi, complicating its branding efforts.
00:47Musk's recent social media attacks on Republican lawmakers may further isolate the company politically.
00:52For all things money, visit Benzinga.com slash GSTV.