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Benzinga

Business

Vaishali Prayag

Tesla Stock Is Sliding Wednesday: What's Going On?

Tesla Inc. Dan Ives Europe electric vehicle

Tesla0x0-ModelS_01

Tesla Inc. (NASDAQ:TSLA) shares are trading lower Wednesday after the electric vehicle maker reported its fifth consecutive month of declining sales in the European market.

What To Know: Tesla's new vehicle sales fell 27.9% year-over-year in Europe last month, despite the broader electric vehicle segment growing by 27.2% in the region, according to Reuters, citing data from the European Automobile Manufacturers Association (ACEA).

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