Tesla Sales Hit 3-Year Low In This European Nation Despite Musk's Claims Of 'No Demand Problem'
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Tesla Inc. is experiencing significant declines in deliveries, particularly in Europe, where sales in France dropped 67% year-over-year to 721 units in May, marking a three-year low. Despite Elon Musk's claims of 'no demand problem,' the company faces challenges from tariffs, macroeconomic issues, and brand damage due to political involvement. Tesla's European sales fell 49% year-over-year in April, raising concerns about second-quarter performance. The stock closed down 1.09% at $342.69, reflecting a 15% decline year-to-date in 2025.
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