Key Takeaways Tesla shares jumped nearly 7% on Tuesday, hitting their highest level since early February, after CEO Elon Musk said he is focusing more of his attention on running the EV maker.The stock staged a breakout above a pennant in Tuesday’s trading session,

Buying a Tesla has become a bit more complicated in the past year. The company's Model Y and Model 3 continue to be the best-selling electric vehicles in the U.S., accounting for more than 40% of all EVs sold last year, according to Cox Automotive data. But Tesla's stronghold on the EV market is slipping.

Tesla's sales in Europe fell 49% in April from a year earlier, even though battery-electric car sales rose 27.8%, as the U.S. EV maker's upgrade of its Model Y shows little sign of reviving the brand's fortunes in the region.

In a letter, some skeptical backers of the EV company have also asked its board to add a “new, truly independent” member and lay out a succession plan.

A Chinese automaker, BYD, has taken over as the sales leader of pure electric cars on the Continent, with sales rising 54 percent.

According to the latest UBS Evidence Lab EV Survey, BYD surpassed Tesla as the “top choice” for EV brands in China. The survey, which includes over 10,000 respondents, shows only 14% now consider Tesla as their top choice, down from 18% last year.

Why rapper 2 Chainz told podcaster and former professional athlete Shannon Sharpe that he enjoys owning this Tesla electric vehicle.

Via social media, GM Canada claimed being the top automaker in EV sales in the country over the combine Q4 2024 and Q1 2025 periods, beating Tesla.

Stock of a Chinese EV-maker that has been grabbing market share from Tesla tumbled on Monday after it announced prices cuts on some models of its cars. BYD Co. stock sank 8.5% in Hong Kong on Monday.