Tesla sales almost halve in Europe as Musk faces criticism over Trump ties
Tesla sales almost halve in Europe as Musk faces criticism over Trump ties
Tech billionaire, a close adviser to the US president, is a vocal supporter of Germany’s far-right AfD party
Summary
Tesla's European sales dropped 45% in January, with market share falling from 1.8% to 1%.
This decline comes as CEO Elon Musk faces backlash over his political interventions, including support for Germany’s far-right AfD and ties to Donald Trump’s administration.
Tesla sales plummeted in Germany and France, and it trailed Chinese EV rival BYD in UK registrations.
Despite Tesla’s slump, Europe’s electric vehicle market grew by 34%, with Germany, Belgium, and the Netherlands posting strong gains.
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Their stock is also plummeting pretty hard right now 👏