Reported 4 days ago
Tesla is facing stock declines as it pulls US-made Model S and Model X vehicles from its Chinese market, responding to high tariffs. The company also introduced a cheaper trim of the Cybertruck in the US to boost demand, but sales have been weak, with only 6,406 deliveries in Q1 2025. Overall electrics sales rose, but Tesla's positions in the competitive market are becoming precarious amid shifting trade policies and growing consumer options.
Source: YAHOO