Tesla electric car manufacturers have reduced more than 9% after the EU and the UK sales have fallen by almost half in January.
Tesla’s drop drop back to the company’s assessment below 1Trn for the first time since November 2024.
Tesla faced solid competition in the European market from Chinese and other manufacturers.
In addition, Tesla’s owner Elon Musk made controversial political waves on both sides of the Atlantic, analyst said.
Tesla sales in January took the trends of European electric cars sales that rose for more than a third of the month, According to the ACEA trade body.
Instead, Tesla’s sales through the EU, EFTA -ei UK fell more than 45% and more than 50% in the EU alone.
Comes after the Tesla sales fell last year for the first time in more than a decade As demand has failed and rivals have gained pace.
The main factor in January of the sales fall is probably increasing competition, said AJ Bell Investment Russ Mold.
The Chinese manufacturer byd has reached large steps, partly because it includes standard some features that cost additional from other manufacturers, Mold said.
However, some car customers can also take a “principled position” on Musk political interventions, he said.
Musk has made waves in the United States with his participation in reducing US development funds and efforts to drastically reduce US funding.
In the UK, it supports the closed activist for the far right of Stephen Yaxley-Llennon, also known as Tommy Robinson, and has repeatedly criticized Prime Minister Sir Keira Starmer.
Musk also supports the end right -wing AFD party in Germany, and congratulated his leader after a record second place of the party resulted in elections.
There are other political factors that can muffle Tesline’s chances, Mold said.
Tesla’s shares received a great impetus after the United States election because of the Musk of Donald Trump’s closeness -Musk described himself as a “first friend” to the US president.
Investors thought it would handle his company well.
However, Trump is not an electric vehicle advocate and said he would cancel their efforts to increase their ownership.
“As anyone thought it would be good for Tesla, I don’t know,” Mold said.
There is also a general market lean around the road reduction in interest rates and concerns about Trump’s tariff plans that could contribute to the fall, Mold added.
