Tesla Inc (NASDAQ:TSLA) stock was marked down 1.6% ahead of Monday's opening bell, following fresh data showing another sharp decline in car sales across much of Europe. May marked the fifth straight month of falling registrations for the company, with steep drops in markets including Sweden, Portugal, Denmark and France.
NIO, XPeng, and Li Auto delivered almost 98,000 cars in May, up about 50% from a year ago. BYD delivered more than 200,000 all-electric vehicles, up 40% from last year.
An analyst has warned that Tesla's (NASDAQ: TSLA) growth may stall, citing concerns that the company's valuation may no longer be sustainable.
Tesla (TSLA -3.24%) stock has been on a wild ride in 2025, with shares gyrating between $220 and $430 since the year began. And while many investors believe those shares are overvalued right now, the electric vehicle (EV) company's growth story remains compelling.
Elon Musk has a long history of overpromising and underdelivering. In the past decade, his sky-high predictions around everything from full self-driving Teslas to high-speed tunnels and manned missions to Mars have reliably failed to defy gravity.
Here are some of the major companies whose stocks moved on the week's news.
In a joint press event with President Trump in the Oval Office, Tesla CEO Elon Musk formally announced his departure from the administration. He has publicly recommitted himself to lead his electric vehicle company as he stepped back from his lead role as the head of the Department of Government Efficiency (DOGE) in recent weeks.
Automakers in the United States, including Tesla , must build entire vehicles including all their parts in the country instead of manufacturing parts abroad, President Donald Trump said on Friday.
Shares of the Elon Musk-led automaker Tesla have rallied in May despite poor car sales numbers for the company in China and Europe. Musk's work leading DOGE, President Donald Trump's initiative to slash federal agencies and their resources, is coming to a formal end.
As Elon Musk steps away from DOGE, Tesla faces a long-overdue stockholder “intervention.”
TESL, NITE, XLY, VCR and FDIS can help investors tap Tesla's robotaxi momentum and Musk's renewed focus on AI and business after political exit.
Tesla sales in Québec plunged 85% in the first quarter, mirroring sharp declines seen in Europe. Canada has frozen $43 million in Tesla EV rebates due to Trump's tariffs and fraud concerns.