Elon Musk-Led Tesla's US Sales Fall 23% To Near 4-Year Low In November As Domestic Demand Shrinks Amid Trump's Anti-EV Stance - Tesla (NASDAQ:TSLA)

Core Insights - Tesla Inc. experienced a significant decline in U.S. sales in November, reaching a near four-year low with 39,800 units sold, representing a 23% year-on-year decrease from 51,513 units sold in the same month last year [2] - Despite the sales drop, Tesla's market share in the U.S. electric vehicle (EV) sector increased to over 56.7% from 43.1%, attributed to legacy automakers reducing their EV efforts [2] Sales Performance - Tesla's U.S. sales in November were the lowest since January 2022, indicating a troubling trend for the company [2] - The company also reported a significant decline in European sales, with only 6,964 new registrations in October, marking a 48.5% year-on-year decrease from 13,519 units in October 2024 [4] Market Dynamics - The decline in EV sales is not limited to Tesla; Ford Motor Co. also reported a 60% drop in EV sales during November, with its F-150 Lightning EV Pickup Truck sales plummeting over 72% [4] - The shift in U.S. EV sales has been influenced by policy changes, including the Trump administration's rollback of Corporate Average Fuel Economy (CAFE) standards, which has been criticized for affecting EV demand [5] Product Strategy - In response to declining sales, Tesla is offering 0% financing on its models, suggesting a lack of demand for the vehicles. Experts recommend introducing new models to stimulate interest [3] - Tesla has launched more affordable trims of its Model 3 and Model Y vehicles, priced at $36,990 and $39,990 respectively, under the 'Standard' designation [3] Financial Metrics - Tesla scores well on the Momentum metric and has satisfactory ratings for Growth and Quality, but is rated poorly on Value. The company shows a favorable price trend in the medium and long term [6] - During after-hours trading, Tesla's stock (TSLA) declined by 0.80% to $446 [6]