Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

We've made it to the midway point in this final full week of June.

Today is Wednesday, June 25th. It's good to have you with us. I'm Julie Morgan.

EV funds unfrozen. Tesla's European decline continues in ARC's latest shopping spree.

A U.S. District Judge has halted the Trump administration's attempt to withhold previously awarded funds from 14 states for electric vehicle charger infrastructure.

Judge Tanna-Lenn issued a partial injunction in favor of the states that filed a lawsuit

against the Department of Transportation. The judge ruled that the lawsuit led by the Attorney's

General of California, Colorado, and Washington is likely to succeed. Lynn, a Biden appointee,

wrote in her order, simply put, the president does not have

unilateral authority to refuse to spend the funds. However, her decision did not extend to the

District of Columbia, Minnesota, and Vermont as they failed to show evidence of imminent harm.

The injunction is set to take effect on July 1st unless the Trump administration

successfully appeals to block it. The dispute is from a February directive by the Trump

administration ordering states not to spend $5 billion allocated under the Biden-era National

Electric Vehicle Infrastructure Program. Keeping with the topic of EVVs, Tesla's sales in the European Union saw another fall in May.

Registrations dropped 40.5% to 8,729 units versus last year.

Tesla's European market share for new car registrations dropped to 0.9% in May from 1.6% a year ago,

according to data from the European Automobile Manufacturers Association.

So far in 2025, its market share shrank to 1.1% from 2% last year.

The Refresh Model Y was expected to help reverse Tesla's fortunes in the EU market.

However, it did little good. Overall, in Europe, Tesla sales in the first five months of 2025 fell 45.2% from the same period last year.

More broadly, the passenger car registrations in the EU

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