Tesla is not only losing sales to legacy automakers that have increased their EV offerings, but it faces growing competition from Chinese EV makers. In fact, Tesla is poised to lose its title of the world’s largest EV maker to Chinese automaker BYD, even though BYD is not able to sell in United States.

Following a disappointing first quarter that included a 71% dip in profit and 13% drop in sales, Tesla CEO Elon Musk decided to leave Washington, D.C., to focus on steering his companies. His move came after a public falling-out with President Donald Trump, who had criticized Musk’s business strategies.

Yet another top executive has left Tesla as the automaker suffers plummeting sales and a plunging stock price.

Tesla is being watched closely by all types of investors. Learn what experts are saying about the projection of Tesla stock in 2025.

Tesla's top sales executive in North America, Troy Jones, has left the electric vehicle maker in the latest senior departure at the company, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

Caught between a collapse in sales and punishing tariffs, the automaker is making a dramatic pivot, creating a bizarre pricing situation and leaving recent buyers with a serious case of regret.

Tesla applied for a new sales license with China’s Ministry of Information Technology for a longer range Model 3 Plus sedan. Likewise, it applied for a license for the Model YL, a longer version of the electric SUV with three rows of seats. The licenses were first reported in CarNewsChina.

Sales of Tesla’s Cybertruck have plummeted from their peak last year, to the point that the hulking (and expensive) GMC Hummer EV outsold the polarizing steel-clad curiosity in the second quarter.