Following last week's U.S. sales plunge and insider selling, Tesla's challenges spread to Europe and China in November, with sharp drops despite incentives. Stock nears $459 amid Musk's robotaxi push, but NHTSA probes FSD and analyst Ross Gerber flags 2026 risks.
Update: Tesla's Global Sales Woes Escalate (December 14, 2025)
Building on prior coverage of the 23% U.S. November sales drop to 39,800 vehicles—the lowest since January 2022—Kimbal Musk's $25.6 million share sale, and Morgan Stanley's downgrade, Tesla's struggles intensified across key markets.
In Europe, November registrations plunged: France -58%, Sweden -59%, Denmark -49%, Netherlands -44% (Reuters). Norway hit an annual record through November as buyers preempted new EV taxes. China showed resilience with 9.9% YoY growth to 73,145 units, driven by new Model Y variants, even as the overall market fell 8.5%.
Tesla continues incentives like 0% APR for 72 months, targeting Q4 deliveries of 448,000-450,000 (down 9-10% YoY).
Autonomy hopes persist: Elon Musk plans to remove robotaxi safety monitors in Austin 'in about three weeks.' However, NHTSA initiated a December 3 probe into Full Self-Driving software after 62 traffic violation complaints across 2.9 million vehicles.
Ross Gerber of Gerber Kawasaki called 2026 a 'come-to-Jesus year,' blaming Musk's distractions and Tesla's lag to Waymo; he prefers Alphabet for self-driving. Analysts diverge: Deutsche Bank Buy/$470 on autonomy; Barclays Equal Weight/$350; consensus ~$390-$400, signaling downside from ~$459.
