Tesla Faces European Sales Decline as Political Backlash Mounts

Elon Musk's alignment with far-right politics and aging vehicle models contribute to a sharp drop in Tesla's market share across Europe and Scandinavia.

Tesla's sales in Europe and Scandinavia have plummeted, with declines of up to 60% in countries like Germany and France, despite rising overall EV demand.
CEO Elon Musk's political affiliations, including support for far-right parties and controversial statements, have spurred boycotts and protests against the brand globally.
Tesla's lucrative emissions credit revenue in Europe is at risk, as falling sales may leave the company unable to meet its credit obligations to automakers like Stellantis and Toyota.
The company is struggling with an aging vehicle lineup, with competitors offering more modern and affordable EV models, though an updated Model Y is expected to be introduced in Europe later this year.
Tesla's stock has lost significant value, dropping 37% since January, reflecting investor concerns over declining sales, political controversies, and increased competition.