Elon Musk, during a news conference with President Donald Trump, inside the Oval Office at the White House in Washington on May 30, 2025. Tesla shares fell 6% in premarket trading on Thursday after the company reported a second straight quarter of declining automotive sales. Tesla shares have been hammered this year with the stock down nearly 18% to date, not including the Thursday premarket move. Tesla has been facing rising competition in key markets like China and Europe, especially from lower costs Chin ...