Tesla continues to find solace in EV-friendly Norway despite a sustained sales slump across the rest of Europe.

Tesla’s stock was trading about 7 percent lower Monday morning, after CEO Elon Musk said over the weekend he’s creating a new political party amid his escalating feud with President Donald Trump. Musk announced on Saturday that he had started the “America Party,

Despite upbeat sales of the refreshed version of its Model Y SUV, Tesla is still stuck in the mud in its second-largest market.

Tesla second-quarter sales slid more than 13%, but saw stronger-than-expected demand for Models 3 and Y vehicles.

Elon Musk's electric vehicle company Tesla delivered 13% fewer cars in the second quarter of 2025 compared to a year earlier.

Tesla’s robotaxi push faces safety flaws, legal risks, and issues in Austin, casting doubt on its autonomy vision. Learn why TSLA stock is a sell.

Tesla is expected to report another fall in deliveries on Wednesday as backlash against Musk and competitive pressures continue to drag on demand.

“We believe Tesla is on a path to an accelerated growth path over the coming years with deliveries expected to ramp in the back-half of 2025 following the Model Y refresh cycle,” Dan Ives, analyst at Wedbush Securities, said in a note to Al Jazeera.

The line has been trending downwards for a while now. The company saw a dip in annual deliveries for the first time in 2024. For the first quarter of 2025, Tesla reported 336,681 deliveries, which is a drop of 13 percent from the same three-month period in 2024.

Building a new U.S. political party from scratch is a daunting task, even for the world's richest man. But that is what Elon Musk, the billionaire behind Tesla (TSLA.O) and SpaceX, said he plans to do in the wake of his falling out with President Donald Trump.