Tesla Stock Down Pre-Market: UK Sales Slump Spurs Price Cuts

Tesla's stock (NASDAQ:TSLA) is moving lower this morning, down 0.8% in the pre-market, as the company continues to look for ways to turn around flagging sales.

The decline in Tesla's stock price (down 12.85% since the start of 2025) comes amidst a backdrop of significant strategic adjustments in the UK. To combat a sharp drop in sales, Tesla has slashed monthly leasing fees for its vehicles by approximately half compared to a year ago.

This move includes offering discounts of up to 40% to leasing companies, a direct response to a substantial 60% decrease in UK sales during July 2025, which saw unit sales plummet to 987 from 2,462 in the same month the previous year.

Adding to the complexity of the situation, Tesla is venturing into the UK energy market, having applied to Ofgem, the UK's energy regulator, for a license to supply electricity directly to households and businesses across England, Scotland, and Wales.

This strategic diversification aims to create bundled services, integrating solar generation, battery storage, and power supply, leveraging Tesla's existing infrastructure and brand recognition. The move is potentially designed to offset the impact of slowing car sales and provide a buffer against the inherent volatility of the EV market. Tesla hopes to commence operations as early as 2026.

Analysts are closely watching how Tesla's entry into the UK energy market will unfold, as it represents a significant departure from the company's core automotive business.

The success of this diversification strategy could be crucial in stabilizing Tesla's financial performance and mitigating the impact of fluctuating EV sales whilst the longer term plans come together and begin to show in financials.