Tech
TOPSHOT-US-ART-BASEL
A wax head of Elon Musk on a robot dog as part of an art installation called "Regular Animals" by digital artist Mike Winkelmann, also known as Beeple, during Art Basel 2025 in Miami (Chandan Khanna/Getty Images)
Musk You?

Elon Musk says European Union‚ where Tesla’s sales are low, “should be abolished”

Sales are down 25% from last year on the continent and make up just 15% of total sales.

Tesla CEO Elon Musk is stirring controversy once again in Europe after the European Union fined his social media platform, X, $140 million for a number of issues, including a “deceptive” blue check mark design and not providing data access to researchers.

Over the weekend, Musk posted, “The EU should be abolished and sovereignty returned to individual countries, so that governments can better represent their people.”

It should be noted that Musk doesn’t have as much to lose in Europe as he once did. After his previous machinations on the continent, Tesla’s 2025 sales are expected to decline 25% from last year in Europe, where they are slated to make up just 15% of the company’s total sales, according to the latest estimates from analyst Troy Teslike.

Musk has called Europe Tesla’s “weakest market,” blaming the relatively low sales on European governments’ lack of regulatory approval for its Full Self-Driving tech.

Sales in Europe pale in comparison to the unit delivery numbers Tesla hits in China and the US. And faster-growing sales in the rest of the world are helping to displace declines in Europe.

For what it’s worth, Musk no longer considers Tesla to be a car company. Rather, its future is in AI and robotics, so insulting a relatively small auto market isn’t quite the faux pas it might once have been.

More Tech

See all Tech
A white Waymo self-driving Jaguar I-PACE, adorned with a pink breast cancer awareness ribbon, with other vehicles in the background

Waymo says its robotaxis are involved in 80% fewer injury-causing crashes than human-driven cars

Even with an exemplary safety record, Waymo will have to defend itself vigorously each time one of its autonomous vehicles illegally passes a school bus or kills a cat.

tech
Jon Keegan

Report: SpaceX planning for IPO late next year

SpaceX has told investors that it is planning for an IPO in late 2026, according to a report from The Information.

Elon Musk’s rocket company is in talks for a share sale for employees and investors that would put the company’s valuation at $800 billion, making it the world’s most valuable private company, recapturing that crown from OpenAI.

Per the report, all of SpaceX including Starlink would be listed as one company, rather than spinning off Starlink, which Musk had discussed a few years ago.

Per the report, all of SpaceX including Starlink would be listed as one company, rather than spinning off Starlink, which Musk had discussed a few years ago.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.