During the month leading up to the Oct. 10 unveiling of the company's self-driving robotaxi, shares of the electric vehicle (EV) stock soared as much as 16%. This is par for the course for a volatile momentum stock such as Tesla, which often moves in overly pronounced directions depending on the current narrative.

Key Takeaways Tesla shares slid Wednesday as sales data from several countries indicated year-over-year declines in the EV maker's sales. Tesla sales fell in May compared with a year ago in Germany, Italy,

European operations are experiencing a dramatic downturn, with sales across multiple markets declining sharply despite CEO Elon Musk’s claims tht the company has no demand problem. For instance, in France,