Tesla continues to struggle after an epic post-election bump. Investors are concerned this week about the company's struggling sales in Europe. The big culprit hurting the stock this week is coming from Europe.
The Tesla CEO appears undaunted, continuing to promote right-wing causes across Europe. While the most noticeable impact, so far, seems to be damage to Tesla’s brand, analysts say he may have a longer-term goal for his business empire: backing political parties that might cut back regulations he thinks impede tech innovations.
Some automakers have increased the prices of petrol engine models to encourage EV adoption, but the industry fears that customers will simply buy fewer cars.
Tesla has agreed to buy assets of embattled German engineering group Manz as the US electric vehicle maker expands its footprint in the European market despite plummeting sales in the region. Under the deal,
Elon Musk's automaker fell to a 1% market share in Europe in January, down from 1.8% in the same month last year and behind Chinese rival SAIC.
It appears that Tesla sales are slumping in the U.S., too. According to the California New Car Dealers Association, Tesla registered fewer cars in the state in all four quarters of 2024. California is the largest EV market in the U.S. Tesla sales fell by 8 percent in the fourth quarter and 12 percent for the whole year.
TESLA sales in Europe – including Britain – have plummeted by 45 percent as Elon Musk’s popularity continues to tumble. The electric car boss has been sparking controversy since
Tesla Inc (NASDAQ:TSLA) sales continue to drop in Europe in 2025 with the latest figures indicating the brand could be hurting from CEO Elon Musk's political push and calls for boycotts of the brand.
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Tesla's European deliveries continue to circle the drain. This includes Norway, which is down 48% year-over-year. Despite this, some analysts feel that Tesla's stock is under-valued, though it trades at a price-to-earnings ratio that's already 900% higher than Toyota.
Tesla, Inc.'s EV sales struggle in Europe & China as rivals gain ground. Click for my updated look at TSLA stock and why I am downgrading it.