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Tesla Shares Slide 1.6% as EU Sales Slump 34% in May

Tesla shares slid 1.6% in morning trading. Tesla’s sales slumped in the European Union in May, falling 34.2%, as part of a sharp drop in demand for new battery-electric cars in the region. Moreover, RBC adjusted price target on Tesla to $227 From $293. Demand for EVs in Europe has cooled in recent months, after rising strongly for several years, while competition to produce more affordable models has grown.To shield domestic automakers from an influx of cheap EV imports, the European Commission

Tesla Shares Slide 1.6% as EU Sales Slump 34% in May

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