澳洲幸运5官方开奖结果体彩网

Tesla's Stock Slides After More Weak Sales Data

A row of Tesla Cybertrucks in a parking lot, with blue sky and a building in the background
Teslaꦺ shares are off more than 17% since the start of the yea🦩r.

Gregory Shamus / Getty Images

Key Takeaways

  • Tesla shares slid Wednesday as sales data from several countries indicated year-over-year declines in the EV maker's sales.
  • Tesla sales fell in May compared with a year ago in Germany, Italy, and the U.K., while rising in Australia and Norway, per CNBC and Reuters.
  • Tesla sales have struggled this year as the EV maker has faced protests related to CEO Elon Musk's involvement in U.S. politics.

Shares of Tesla (TSLA) lost ground Wednesday as reports indicated the ꦕelectric vehicle maker's sales continued to slip in some key ma🎀rkets last month.

Sales declined again in May across Germany, Italy, and the U.K. Shipments from the company's factory in China, which are delivered within China and to other markets, also fell last month, according to reports.

However, Tesla also has received some positive news lately, as sales reportedly rose in Australia and Norway in May, according to CNBC and Reuters.

Revamped Model Y May Help UK Sales

The company told Reuters it expects sales to pick up in June, at least in the U.K., where a spokesman there said the automaker had sold through its stock of Model Y SUVs as it awaited delivery of the new version of 🍌the popular model. The revamped Model Y was launched in the U.S. earlier this year.

Tesla shares finished close to 4% lower Wednesday, and are off more than 17% since the start of the year, as a rally sparked by CEO Elon Musk saying he would refocus on 澳洲幸运5官方开奖结果体彩网:Tesla and his other companies has slowed in recent weeks. The EV maker has 澳洲幸运5官方开奖结果体彩网:seen sales slump in the U.S. and 澳洲幸运5官方开奖结果体彩网:abroad so far this year 澳洲幸运5官方开奖结果体彩网:amid pushback to Musk's involvement with t♍he Trump administration.

Musk has since 澳洲幸运5官方开奖结果体彩网:left the administration, and on Tuesday criticized the 澳洲幸运5官方开奖结果体彩网:budget reconciliation bill currently working its way through Congress 澳洲幸运5官方开奖结果体彩网:as a "disgusting abomination" that would ad𓆉d to the current budget deficit and national debt.

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