Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) fell 4.4% in the morning session after reports showed the company's sales in the European Union plunged for the fifth consecutive month in May 2025.

In the meantime, Tesla would have to contend with a crumbling core electric vehicle business. Deliveries are tumbling, and double-digit growth has turned into a 9.2% revenue decline in Q1. The market has still held the stock up high,

Tesla CEO Elon Musk called the launch a success and “a culmination of a decade of hard work” in a social media post. Still, the EV company has remained tight-lipped about what might come next. KXAN saw reports that the vehicles were being held in a robotaxi depot in a southeast Austin parking lot.