Tesla (TSLA) lost as much as 5% on Wednesday after European Automobile Manufacturer Association data confirmed its sales continued to struggle in Europe last month. In May, the automaker sold 13,863 vehicles in the region – down nearly 28% on a year-over-year basis as customers favored more affordable and features-rich EVs from Chinese automakers.

In the meantime, Tesla would have to contend with a crumbling core electric vehicle business. Deliveries are tumbling, and double-digit growth has turned into a 9.2% revenue decline in Q1. The market has still held the stock up high,

Even after a big fall since December, the Tesla stock price is still up 90% over the past 12 months. Do we face a new bull run now? The post Here’s why robotaxi success could spur the next Tesla stock surge appeared first on The Motley Fool UK.