Tesla shares dipped slightly to around $447 on December 12, 2025, following a sharp 23% year-over-year U.S. November sales drop to 39,800 vehicles—the lowest since January 2022—and board member Kimbal Musk's $25.6 million share sale on December 9. This adds to recent pressures, including Morgan Stanley's downgrade last week, amid an 'EV winter' and divided analyst views.
Building on Morgan Stanley's recent downgrade to Equal Weight (detailed in prior coverage), Tesla's stock faced further headwinds on December 12, 2025, as fresh sales data highlighted ongoing EV market struggles post the September 30 federal tax credit expiration. U.S. November sales plunged 23% year-over-year to 39,800 vehicles per Cox Automotive, the weakest since January 2022. Tesla responded with price cuts and promotions like 0% financing on Model Y and Model 3 Standard variants.
Europe saw a steeper 48.5% sales drop in October, with market share at 0.6% as BYD sold over 17,400 units. Visible Alpha projects a 7% global delivery decline for 2025.
Kimbal Musk, Tesla board member and Elon Musk's brother, sold 56,820 shares on December 9 at $450.66 average ($25.6 million) and donated 15,242 shares ($6.8 million), per SEC filing, retaining 1.376 million shares.
Analyst consensus remains Hold (average target $399), with bears like Michael Burry decrying overvaluation from share dilution. Positives include Elon Musk's plan to remove robotaxi safety monitors in Austin within weeks and a new FSD model in early 2026, alongside 180% energy storage growth over three years and robotaxi/Optimus potential.