Tesla's upcoming robotaxi service launch in Austin is right around the corner. Scheduled for sometime in June, the anticipated launch comes years after several missed deadlines and an increasingly competitive — and shrinking — field.General Motors's Cruise recently bowed out of the race, but Alphabet's Waymo has continuously ramped up its service and is now providing 250,000 rides a week in the San Francisco Bay Area, Los Angeles, Phoenix, and Austin, according to the company. There's also Amazon's Zoox, ...

Tesla sales in Europe and the U.K. have fallen by nearly half, according to data released Tuesday by the European Automobile Manufacturers Association. In April, Tesla sold 7,261 vehicles in the European Union, European Free Trade Association, and U.K., a 49% year-over-year decline.The fall in sales is particularly alarming considering Tesla recently launched a new Model Y vehicle, the kind of release that would typically attract more consumers. A closer look at car sales in the region shows that Tesla comp ...

Tesla (TSLA 5.09%) shares are quickly rebounding from a drop last week. The stock fell 3% last week, ending a four-week winning streak. It's starting the week off strong, though. Shares jumped over 5% early Tuesday morning, even as data from Europe shows its electric vehicle (EV) sales continue to slump. As of 10:40 a.m. ET, Tesla stock is still trading up by 4.9%. Elon Musk plans to refocus on TeslaAccording to the European Automobile Manufacturers' Association, registrations for new Tesla EVs in Europe pl ...

Tesla’s sales in Europe plunged in April as the electric car maker faced backlash over Elon Musk’s political work and rising competition from China-based rival BYD.Tesla sold just 7,261 cars in the region last month – down from 14,228 units sold in the same month one year ago, according to data from the European Automobile Manufacturers Association.The April sales figures marked the fourth straight month of declines for Tesla in Europe. Sales have fallen by nearly 39% since the start of the year. 3 Elon M ...

Elon Musk listens as reporters ask U.S. President Donald Trump and South Africa President Cyril Ramaphosa questions during a press availability in the Oval Office at the White House on May 21, 2025 in Washington, DC.Tesla shares gained about 5% on Tuesday after CEO Elon Musk over the weekend reiterated his intent to home in on his businesses ahead of the latest SpaceX rocket launch.The billionaire wrote in a post to his social media platform X that he needs to be "super focused" on X, artificial intelligenc ...

ToplineTesla stock has soared 58% after CEO Elon Musk announced plans to leave DOGE. Can he restore the company’s brand value? If not, company shares are too high.WALNUT CREEK, CA - MAY 14: Matthew LeBrot is photographed with his Tesla cybertruck, bearing anti ... More Musk slogans, in a park near his home in Walnut Creek, California on May 14, 2025. Lebrot lost his job as a Tesla sales manager after calling for Elon Musk to step down from the company after Tesla posted huge losses. (Photo by Martin Klimek ...

Elon Musk has promised robotaxis every year since 2016 – and now, the latest vow is that Tesla Inc TSLA will launch a fleet in Austin, Texas, by June. But while Tesla talks a big game, it is Alphabet Inc's GOOGL GOOG Waymo and Baidu Inc's BIDU Apollo Go that are clocking miles and making money (or at least, showing a clear path to it).Waymo's Mileage Speaks Louder Than Musk's WordsAlphabet’s Waymo recently crossed a massive milestone: 10 million paid robotaxi rides—double what it achieved five months ago.Wi ...

Tesla (NASDAQ: TSLA) stock could decline over 40%, according to the outlook by banking giant UBS, which reaffirmed its bearish stance on the electric vehicle (EV) manufacturer. In an investor note on May 27, UBS analyst Joseph Spak reiterated his 'Sell' rating on Tesla, maintaining a price target of $190 per share, a 43% drop from the last market closing value of $339. Finbold Meanwhile, Tesla's image has taken a hit in Europe, with UBS attributing the damage partly to CEO Elon Musk's political statements a ...

Core Insights - Tesla's sales in Europe have plummeted by 49% last month, despite a 28% increase in overall battery electric vehicle sales in the region [1][4] - The refreshed Model Y has not improved sales performance, indicating ongoing brand challenges for Tesla [2] - Elon Musk's political affiliations and comments have contributed to a brand crisis, impacting sales and leading to protests against the company [3] Sales Performance - Tesla's sales decline is significant compared to competitors, with BMW, Renault, and VW experiencing sales growth, and VW surpassing Tesla as the largest EV seller in Europe [4] - Chinese competitors, such as SAIC Motor and BYD, have reported strong sales increases, with BYD outselling Tesla in Europe for the first time last month [5] Market Context - The overall market for battery electric vehicles in Europe is growing, yet Tesla is struggling to maintain its market position [1][4] - Musk's assertion that Tesla is not facing demand issues contrasts with the evident sales decline, suggesting a disconnect between company leadership and market realities [3]

The company launched an upgraded version of its Model Y sports utility vehicle this year, but its overall line-up of cars is still ageing, with no new mass market offering unveiled to date. At the same time, Tesla continues to battle rising competition from traditional automakers as well as aggressive Chinese players. Last week, separate data showed auto giant BYD sold more pure electric cars in Europe than Tesla for the first time. Elon Musk interviews on CNBC from the Tesla Headquarters in Texas. European ...