Tesla Stops Taking Orders For Model X, Model S In Europe As Sales Decline: Report

Tesla Inc. (NASDAQ:TSLA) has reportedly stopped taking new orders for the Model S and the Model X in Europe amid poor sales figures in the region.

Check out the current price of TSLA stock here.

What Happened: When accessing the automaker's European website, under the vehicles tab, the Model S and the Model X sections do not have an "order" link, Electrek reported on Wednesday.

Tesla did not immediately respond to Benzinga's request for comment.

For other vehicles like the Model Y and Model 3, pressing the "order" button takes you to a configurator page where you can customize the vehicle to your needs, like colors, wheels, autopilot packages, and more.

Source: Tesla

Why It Matters: The news comes as Tesla has been experiencing dwindling sales in Europe, with the company recording an almost 23% YoY decline in sales in the region.

Tesla's sales have also been declining in the U.S. as the EV giant registered a 21% drop in California, despite the Model 3 and the Model Y being the best-selling models in the state.

Elsewhere, despite the poor performance in the second quarter, Tesla has signed multi-billion-dollar deals with Korean enterprises like Samsung Electronics (OTC:SSNLF) and LG Energy Solutions for AI chipsets and energy storage options, respectively.

Tesla scores well on Momentum and Quality, while offering satisfactory Growth, but poor Value. For more such insights, sign up for Benzinga Edge Stock Rankings today!

Check out more of Benzinga's Future Of Mobility coverage by following this link.

Read Next:

• Gary Black Says A Smaller Tesla Pickup Truck Would Significantly Expand Earnings Potential, Calls The Cybertruck A ‘Disaster’

Photo courtesy: VTT Studio / Shutterstock.com