Why Tesla Is Losing Ground Around the World: QuickTake

Tesla Inc. is facing a difficult road ahead. Deliveries of its electric vehicles are on track to decline for the second year in a row, even as the broader global EV market expands.

In the US, consumer demand will be put to the test now that a federal purchase subsidy has come to an end. The company is also facing pressure from the Trump administration’s tariffs and the loss of revenue from regulatory credits sold to other automakers to help them comply with emissions standards.

Elsewhere, Tesla is struggling with heightened competition, particularly in China, and backlash to the ...