Tesla Stock Sinks 1.2% Premarket. Tesla Sales In Canada Have Dropped To 'Nearly Zero,' Says Researcher.

Tesla stock sank 1.2% in premarket trading.

Tesla researcher Troy Teslike has highlighted Tesla Inc.’s struggle to adapt to lower sales in Canada, predicting GAAP losses for the company starting in Q1 2026.

In a post on X on Sunday, Teslike pointed out that Tesla is grappling with a significant drop in sales in Canada, largely due to political controversy.

He cited that sales have nearly hit rock bottom, while the company continues to operate 35 stores across the country, thereby keeping SG&A (Selling, General, and Administrative) costs high.