New York, June 24, 2026, 09:05 (EDT)
- Tesla dropped 5.79% Tuesday to finish at $381.61. Shares were up 0.10% to $382.00 in premarket as of 9:04 a.m. EDT.
- U.S. auto safety regulators opened an investigation into a deadly Tesla crash in Texas, once again raising questions about the company’s driver-assistance features.
- Tesla registrations doubled in Europe in May. BYD and Leapmotor are moving up, too, grabbing more of the market.
Tesla stock traded flat in premarket Wednesday after a big drop Tuesday, when the company came under a fresh U.S. safety investigation. The Nasdaq is set for a normal open at 9:30 a.m. Eastern; June 24 isn’t a listed 2026 market holiday for Nasdaq.
NHTSA is looking into a June 19 crash in Katy, Texas, where a Tesla Model 3 hit a house and killed a 76-year-old woman. The Harris County Sheriff’s Office said the driver claimed to have been using automated driving assistance, which can steer and handle some driving jobs but still requires a person behind the wheel. Tesla’s self-driving chief Ashok Elluswamy said the driver “manually overrode self-driving” and fully pressed the accelerator. CEO Elon Musk said a “report on the case makes no sense” and added Full Self-Driving “drives slowly through neighborhood streets.” Reuters
Tesla’s Full Self-Driving (FSD) driver-assist software isn’t classified as fully autonomous in Europe since it still needs a human in charge, Finland’s transport authority said.
Tesla new-car registrations in Europe jumped 107.9% in May to 28,610 vehicles, giving a clearer demand signal. The numbers include the EU, UK and EFTA. Total registrations across the region were up 3.6% to 1,152,523, according to .
Tesla wasn’t the only one bouncing back. Reuters, citing ACEA data, said BYD registrations surged 136.6% in May. Leapmotor shot up 465.1%. Renault, Stellantis and Volkswagen all dipped — down between 1% and 3%.
Tesla picked up a possible breakthrough in Europe as Finland weighs approval for its self-driving assistance ahead of an expected EU ruling in October. The Netherlands gave temporary approval back in April, while Estonia and Belgium also allowed the system. Finland’s Traficom is reviewing Tesla’s handover speed, overtaking in poor visibility, and the automaker’s speed-offset feature.
Energy got a lift as NatPower and Tesla announced a deal to put up 25 gigawatt hours of battery storage across Italy and Britain. It’s the first step in a buildout that could reach $5 billion. NatPower will use Tesla Megapack batteries and Tesla’s power trading software to manage grid buys and sells. “The sector still struggles to deliver infrastructure,” NatPower CEO Fabrizio Zago said, but he called the Tesla setup a way to tie together “capital and execution.” Reuters
The Texas probe, or fresh evidence from regulators, could keep the stock stuck on safety and approval worries instead of May sales or energy demand. A recall, tougher FSD limits in Europe, or a miss on deliveries would put to the test the idea that software and robotaxis can drive Tesla while Chinese EV makers step up in Europe.
Deliveries are the next number up for Tesla. RBC Capital’s Tom Narayan sees Q2 deliveries at 405,000, topping the Visible Alpha consensus of 401,000. UBS also puts its estimate at 405,000, while Baird is lower at 392,900. Deliveries count cars sent to customers, not just production. TipRanks TipRanks
