Tesla Sales Plunge 45% in Europe as Stock Drops 8%

Tesla faces declining sales in Europe and a significant stock drop, with questions raised about Elon Musk's leadership and public image.

Tesla's European sales fell by 45.2% in January 2025 compared to the same month last year, with steep declines in key markets like Germany, France, and Spain.
The company's market share in Europe dropped from 1.8% to 1%, despite overall growth in electric vehicle registrations across the continent.
Tesla attributes the sales decline to a shift in its product lineup, including the anticipated launch of lower-cost models, though production has not yet begun.
Elon Musk's controversial political stances, including support for far-right groups and actions linked to U.S. federal employee layoffs, have drawn criticism and may be impacting Tesla's brand perception.
Tesla's stock fell over 8% on Tuesday, bringing its market capitalization below $1 trillion and marking a one-third decline in valuation since mid-December.