Tesla's EV Sales Dip: What's Going On?

Key Highlights:

• Sales Drop: Tesla's U.S. EV sales fell to fewer than 40,000 units in November 2025, a 23% decline from the previous year.
• Cybertruck Struggles: The Cybertruck sold only about 1,200 units, marking its lowest sales this year.
• Standard Models: Tesla introduced cheaper Model 3 and Model Y Standard versions to boost sales before the federal tax credit expired, but they faced criticism for slower charging and high prices.
• Profit Impact: Analysts note that the Standard models are cannibalizing sales of more profitable higher-end models.
• Industry Trend: Overall U.S. new EV sales dropped by 40% in November compared to the same month last year.

Market Context:

• Competitor Performance: Automakers like Honda and Hyundai also reported declines in EV sales.
• Policy Influence: The White House and Congress's focus on gas-powered vehicles may be affecting the EV market.
• Full-Year Insights: The complete picture of the 2025 EV market will emerge in January when automakers release their full-year sales data.