Tesla stock fell 7.3% due to declining sales in Europe and CEO Elon Musk's actions

From Nasdaq: 2025-02-25 11:10:48

Shares of Tesla (NASDAQ: TSLA) fell 7.3% on Tuesday, with the S&P 500 and Nasdaq Composite also declining. Sales in Europe hit a low, down 45% year over year, while overall EV sales rose 37%. CEO Elon Musk’s controversial actions may have contributed to the drop in sales.

Tesla’s recent decline in sales in Europe may be linked to CEO Elon Musk’s polarizing behavior, with many Europeans turned off by his actions. Recent polls show rising unfavorability ratings in the U.K. and Germany. The company’s shift to producing more Model Y SUVs may have also impacted sales.

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Author Johnny Rice has no position in the mentioned stocks. The Motley Fool has positions in Tesla and BYD Company, and recommends them. It’s important to note that the views expressed are of the author and not necessarily of Nasdaq, Inc.



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