Stellantis

Tesla ended Q1 2026 with a record 50,363 unsold EVs as production outpaced deliveries, while it discontinued the Model S/X, signaling inventory risk and regulatory headwinds in a slowing U.S. EV market.

The Verge frames a broad EV pullback driven by policy shifts, tariffs, and demand weakness, with major automakers taking multi-billion hits and several models canceled, while China accelerates ahead.

Stellantis faces a $26.5B EV write-down that wiped ~25% of its stock value as EV demand cools, a bigger hit than peers GM and Ford.