Reported about 13 hours ago
Tesla experienced a significant drop in sales across five European markets in January, including a 63% decline in France and nearly 12% in the UK, as competition increases and public sentiment towards CEO Elon Musk becomes more negative due to his controversial political actions. Despite being the leading electric vehicle seller in the U.S., Musk's polarizing influence is pushing consumers towards rival brands, with many current and prospective electric vehicle owners indicating that they are deterred from buying Tesla. Analysts suggest that the slump is also attributed to Tesla's lack of new mainstream models since 2020, while rivals have launched fresher products.
Source: YAHOO