Tesla (TSLA) shares are inching down on Wednesday even though the EV maker said its sales recovered sharply last month in Australia. The company’s electric vehicle sales in the region climbed significantly to a 12-month high of 3,

Tesla shares fell close to 4% Wednesday as reports indicated the electric vehicle maker's sales continued to slip in some key markets last month.

Australia just gave Tesla something it hasn’t had in a while—relief. The company said on Tuesday that it sold 3,897 electric vehicles in Australia in May