According to the European Automobile Manufacturers' Association, registrations for new Tesla EVs in Europe plunged 49% in April compared to last year. That came despite a 34% surge in overall battery electric car sales there.

Known Tesla bull Dan Ives sees a ‘golden age’ for Tesla based on AI and AVs, but that optimistic view faced a colder reality of trade-war fears.

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.

CATL, the world's largest battery maker, rose 13% in its Hong Kong trading debut on Tuesday.

In one sign that Tesla appears to be losing ground to cut-price Chinese brands, sales at China’s SAIC zoomed up 54% in April, according to the ACEA figures. SAIC owns a slew of auto brands including U.K.-based MG, known for its low-cost EV models.

A group of Tesla investors is urging Elon Musk to commit at least 40 hours a week to running the electric vehicle company, arguing his undivided attention is needed to repair Tesla’s faltering sales and stock price volatility.