Tesla sold fewer EVs than expected – which won’t help Elon Musk secure that trillion-dollar pay package
What’s going on here?
Tesla reported worse-than-expected sales in October – just as investors prepare to vote on Elon Musk’s $1 trillion pay package.
What does this mean?
Tesla’s been trying to win over cost-conscious customers with cheaper, more basic models. (Bear in mind, though, that a “cheap” Tesla will still set you back about $40,000.)
▶ So far, not so good: the EV maker saw its sales tank across Europe. In Norway, the Netherlands, and Italy, Tesla sales halved versus last October – while those in Spain fell by almost a third. France was the exception, with sales rising more than 2%.
▶ News from China wasn’t much better: shipments from Tesla’s Shanghai factory fell by a tenth from last year.
▶ America’s latest numbers aren’t out yet. But while US sales did pick up last quarter, analysts doubt that’ll last. After all, those shoppers were rushing to take advantage of a $7,500 tax credit before it expired in late September.
Why should I care?
Zooming in: Elon, or El-off.
Despite those falling figures, Tesla’s share price is still up 12% on the start of this year, flirting with a record high. So now, the company’s worth $1.5 trillion – or 228 times next year’s expected profit. That’s extremely expensive by any measure.
▶ See, longtime backers aren’t just in it for the EVs. They believe the company – or more specifically, head honcho Musk – could make serious bank by pioneering self-driving technology and, more broadly, humanoids.
▶ Here’s the catch: Musk has threatened to quit if his trillion-dollar pay package is rejected at Tesla’s shareholder vote on Thursday. That’s possible, with one of the firm’s ten biggest stakeholders saying it’ll vote against the pay deal, and two advisory groups recommending investors do the same.
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Originally Posted November 4, 2025 – Tesla’s Sales Disappointed, With Investors About To Review Elon Musk’s Paycheck
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The shareholders approved his 1 trillion paycheck. Is Tesla a short