From None: 2025-02-26 01:49:03

Tesla (NASDAQ:TSLA) shares dropped 8.4% due to decreased European and UK sales in January, facing stiff competition from Chinese and European EV makers. Tesla’s market cap fell below $1 trillion, now at $970.4 billion. European sales plunged 45.2% YoY, despite overall BEV sales rising 34%. Competitors like Volkswagen, Toyota, and Renault saw sales growth, impacting Tesla’s market share. Factors contributing to Tesla’s struggles in Europe include Chinese EV makers gaining traction, local automakers expanding EV offerings, and Elon Musk’s political influence potentially turning off European buyers. Tesla’s challenges in Europe hint at future competitive and pricing pressures.



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