Tesla Stops Taking Orders For Model X, Model S In Europe As Sales Decline: Report

Benzinga
2025.07.31 08:47
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Tesla Inc. has halted new orders for the Model S and Model X in Europe due to declining sales, which have dropped nearly 23% year-over-year in the region. The automaker's European website no longer features an order link for these models. In the U.S., Tesla also reported a 21% sales decline in California. Despite these challenges, Tesla has secured multi-billion-dollar deals with Korean companies for AI chipsets and energy storage. The company maintains strong momentum and quality ratings, but struggles with value.