Elon Musk-Led Tesla's US Sales Fall 23% To Near 4-Year Low In November As Domestic Demand Shrinks Amid Trump's Anti-EV Stance

Benzinga_recent_news12-12 12:16

Tesla Inc. (NASDAQ:TSLA) recorded a marked decline in U.S. sales during November to a near four-year low. The company sold 39,800 units in the U.S. during November, a 23% year-on-year decline from the...

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(NASDAQ:TSLA) recorded a marked decline in U.S. sales during November to a near four-year low.\nThe company sold 39,800 units in the U.S. during November, a 23% year-on-year decline from the...</p>\n\n<a href=\"https://www.benzinga.com/markets/tech/25/12/49353478/elon-musk-led-teslas-us-sales-fall-23-to-near-4-year-low-in-november-as-domestic-demand-shrinks-amid-trumps-anti-ev-stance\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2250418816.HKD","symbol_name":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","start_time":0,"source_url":"https://www.benzinga.com/markets/tech/25/12/49353478/elon-musk-led-teslas-us-sales-fall-23-to-near-4-year-low-in-november-as-domestic-demand-shrinks-amid-trumps-anti-ev-stance","article_id":"2590457308","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2025/12/11/Elon-Musk--Ceo-Of-Tesla--In-A-Formal-Sui.jpeg?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/markets/tech/25/12/49353478/elon-musk-led-teslas-us-sales-fall-23-to-near-4-year-low-in-november-as-domestic-demand-shrinks-amid-trumps-anti-ev-stance","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2590457308","pubTimestamp":1765512960,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Tesla's U.S. sales fell over 23% in November to a near four-year low, but it's market share in the EV sector surged.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","TSYW.SI":"TESLA 3xLongSG261006","BK4588":"碎股","BK4550":"红杉资本持仓","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU2360107168.USD":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","UFO":"Procure Space ETF","LU0719512351.SGD":"JPMorgan Funds - 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(NASDAQ:TSLA) recorded a marked decline in U.S. sales during November to a near four-year low.\nThe company sold 39,800 units in the U.S. during November, a 23% year-on-year decline from the 51,513 units it sold in the previous year, Reuters reported on Thursday. The figures represent the automaker's lowest tally since January 2022.\nTesla's market share in the U.S. EV sector rose to over 56.7% from 43.1% as legacy automakers scaled back their EV efforts.\nTesla is offering 0% financing on its models, which, according to Shawn Campbell, an expert cited in the report, wouldn't happen if there was a demand for the vehicles. He added that the solution would be to introduce \"new, fresh models.”\nThe news comes amid Tesla offering trimmed-down, affordable trims of its Model 3 and Model Y vehicles under the ‘Standard' moniker, retailing for $36,990 and $39,990, respectively.\nThe recent sales decline isn't exclusive to the U.S., as the company also reported a marked decline in European sales in October, recording 6,964 new registrations. The figure illustrates a 48.5% year-on-year decline from October 2024’s 13,519 units it registered.\nIt's worth noting that Ford Motor Co. (NYSE:F) also recorded a 60% drop in EV sales during November, with the company's F-150 Lightning EV Pickup Truck's sales falling sharply by over 72% during the month.\nEV sales in the U.S. have also been affected due to a shift in policy, as the Trump administration relaxed Corporate Average Fuel Economy (CAFE) standards, touting affordability. Trump's Transportation Secretary Sean Duffy decried the previous Biden administration's \"backdoor EV mandate\" due to decisions taken by the then-Transportation Secretary Pete Buttigieg.\nTesla scores well on the Momentum metric, while offering satisfactory Growth and Quality, but poor Value. Tesla also has a favourable price trend in the Medium and Long term. For more such insights, sign up for Benzinga Edge Stock Rankings today!\nPrice Action: TSLA declined 0.80% to $446 during After-hours trading, according to Benzinga Pro data.\nCheck out more of Benzinga’s Future Of Mobility coverage by following this link.\nRead Next:\nPhoto courtesy: Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.11","shortVersion":"4.35.11","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2590457308","isCrawlerRequest":true}