Elon Musk’s Europe-centric Actions Impact Tesla Sales and Stock

Tesla’s European sales plummeted by 45% in January, a stark contrast to the continent-wide surge in electric vehicle adoption. The decline is attributed to Elon Musk’s political involvement in Europe, which has alienated potential customers. This move comes as rival EV makers capitalize on the same conditions, exacerbating Tesla’s challenges in the region. While Tesla’s stock took a hit due to this slump and other factors like China market woes, the company maintains its ambitious plans for expansion.