Tesla shares slump after European sales fall happymamay

The shares of Tesla Electric Cars fell more than 9 % after the European Union sales decreased by about half in January.

Tesla shares have decreased to less than $ 1 for the first time since November 2024.

Tesla faces intense competition in the European market of Chinese and other manufacturers.

In addition, the owner of Tesla Illon Musk made controversial political waves on both sides of the Atlantic Ocean.

Tesla sales in January, trends of selling European electric cars, which grew by more than a third of a month, directed, According to the ACEA Commercial Authority.

Instead, Tesla sales have decreased through the European Union, Efta and the United Kingdom more than 45 %, and more than 50 % in the European Union alone.

This comes after Tesla’s sales decreased last year for the first time in more than a decade With the demand stumbled and the competitors gained a pace.

AJ Bell Investment Director said that the main factor in the stagnation of January sales was likely to increase the competition.

Mawlid said that the Chinese manufacturer BYD has made great steps, partly because it includes some of the standard features that cost it from others.

However, some car buyers may also take a “initial position” on the political interventions of musk.

Musk has made waves in the United States with his participation in reducing US development funds and efforts to significantly reduce US federal financing.

In the United Kingdom, the activist supports extremist prison Stephen Yakli-Lenon, also known as Tommy Robinson, and the Prime Minister Berlies criticized Sir Kerr Starmer.

Musk also supports the far -right AFD in Germany, and congratulated its leader after the party scored second in the elections.

In response to a question about whether the reason for the decline in the price of Tesla to Moses is very poisonous, the former director of the car maker in Europe, the Middle East and Asia said that “it is definitely one of the reasons for the decline”, but he added that there was “a cumulative number of things that accumulate the Domino effect” .

“There is no doubt that he is a doubt that he is joking with the right in politics, as he runs on a TV screen with a saw that does not help his image exactly,” Peter Bardenfith Hansen told BBC today.

“It may get a larger fan base within a specific type of customer, but they are not the ones who buy Sellas. They are not the ones who put the money in his company. So he has a problem.”

Tesla shares obtained a big boost after the American elections due to the nearby musk by Donald Trump – Musk described himself as a “first friend” of the American president.

Investors believed this would stand on his business in a good position.

However, Trump is not a supporter of electric cars, and he said he would cancel efforts to enhance his ownership.

Mawlid said: “How did someone think this would be good for Tesla, I don’t know,” Mawlid said.

He added that there is also a slowdown in the public market on the course of interest rate discounts and concerns about Trump’s tariff plans that could contribute to the fall.