"Tesla Inc. ( NASDAQ: TSLA) has had its share of problems this year. Sales in the United States have stumbled, largely due to CEO Elon Musk's relationship with President Trump. Its U.S. market share has dropped below 45%, according to first-half numbers. Tesla had a rush of customers in the third quarter as people bought electric vehicles (EVs) before the expiration of a $7,500 tax credit. EV sales in the U.S. are expected to nosedive this quarter and into 2026."
"Now, a widely reported flaw in its cars is a new problem for Tesla. The National Highway Traffic Safety Administration has begun an investigation into whether its door handles have trouble opening when batteries are not charged. This affects both the opening and closing of the doors. Its popular Model Y seems to be the primary target, according to the NHTSA. One report cited a parent exiting the vehicle after a drive to remove a child from the back seat."
Tesla experienced falling U.S. sales and lost market share, attributed largely to CEO Elon Musk's relationship with President Trump, with U.S. share below 45% in the first half. A third-quarter rush occurred as buyers sought the $7,500 EV tax credit, but U.S. EV sales are projected to plunge this quarter and into 2026. Sales fell by double digits across much of the European Union amid fallout from Musk's comments about European candidates. Intense local competition in China, led by BYD, reduced Tesla's market share. Musk's robotic and advanced AI projects remain distant. Tesla's stock fell to $220 then rebounded to $458 in 2025.
Read at 24/7 Wall St.
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