Tesla EV registrations in the US fall 16% in April

Tesla (TSLA) electric vehicle registrations in the United States fell by 16% in April, acording to the latest data out from S&P Global Mobility. Yahoo Finance senior autos reporter Pras Subramanian dives into the report and weighs in on CEO Elon Musk's criticisms of President Trump's "big, beautiful" tax and spending bill and the delay of Tesla's robotaxi launch in Austin, Texas. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. Video Transcript 00:00:00 Speaker A Tesla US registrations sliding 16% in April. That's according to data from S&P Global mobility.

Joining us now from the Nasdaq Yahoo! Finance senior autos reporter Pras Subramanian. So Pras, um, what is what is this data telling us about sort of, I guess things that Tesla don't seem to be getting much better. 00:00:53 Pras Subramanian Yeah, it's the first indication now we're seeing now US data, right? So registration data from S&P Global mobility showed that 16% drop in April year over year. Uh, this is happening while other competitors like Chevy and BMW see sales gains. So with regards to Tesla, uh, every model except the Model 3 saw sales drop in the US in April.

And this is sort of coming on the backdrop of what we saw in Europe, right? We saw a lot of bad data there for sales data in Europe, mostly recently for for April and May there. So we're seeing an echo here in the US, but I want to quickly touch on the fact that, you know, we mentioned Chevy at number two, the very popular Equinox and Blazer EV doing well. BMW also there having some good models. They're seeing some sales gains. And then and Tesla overnight last night, maybe looking to address that the top in the market, updated the Model S and Model X vehicles there.

So new updates there potentially to stem the losses and on the top end, but but nonetheless is still a pattern that we're seeing that has been recurring throughout the Western world and also now in the US now with April data. 00:03:04 Speaker A And Pros of course, if people investors in Tesla have been watching other things, namely, what seems to be sort of, you know, warming, if not warming relations, at least not further cooling relations between the president and Elon Musk, and also they're looking ahead to the robo taxi launch, which has been pushed back, yes to June 22nd. So we'll see if it if it gets pushed back more, but there does seem to be some optimism building around some of this stuff. 00:04:11 Pras Subramanian Yeah, you saw Musk backtrack a little bit on those comments he made last week about the the the big beautiful bill talking about how it didn't really cut a lot of the spending, but mostly with the subtext of him being upset about potential loss to EV tax credit. That being said, the robo taxi launch are testing in Austin is happening.

Uh we've seen some cars going back and forth to chase vehicles, but the actual official start Musk says won't happen till the 22nd. That was a push back from the 12th that was previously reported. And Musk also said the 22nd date could be pushed back just just because of of safety and precaution looking to be sort of cover all their bases with such a big high profile test happening in that city. But you know, we talked about this before, this is a big news for Tesla, big move. They need to do that to unlock the value, but you know, Waymo's been operating in Austin and also other cities for for some time now.

So they have a lot of catching up to do when it comes to that robo taxi business. 00:05:50 Speaker A Yes. We'll see how it plays out. Pras, thank you. Related Videos 03:45 Israel made 'Ukrainian gambit' targeting Iran's nuclear sites Yahoo Finance Video • 5 hours ago 02:23 Oil prices spike after Israel strikes Iran: Why it may worry Trump Yahoo Finance Video • 5 hours ago 01:18 Trump Urges Iran to Make a Deal 'Before It's Too Late' Bloomberg • 10 hours ago 03:42 Air India Flight: Investigations begin Bloomberg • 21 hours ago View Comments