Electric vehicle (EV) adoption in Europe is increasing. One would expect that Tesla would be one of the biggest winners of such news. But the company’s sales are falling across most of its key markets.

It appears that Tesla sales are slumping in the U.S., too. According to the California New Car Dealers Association, Tesla registered fewer cars in the state in all four quarters of 2024. California is the largest EV market in the U.S. Tesla sales fell by 8 percent in the fourth quarter and 12 percent for the whole year.

Electric vehicle (EV) giant Tesla’s ($TSLA) sales in UK jumped by 20.7% in February despite CEO Elon Musk’s seemingly deteriorating brand value.

One of several ways in which Tesla generates revenue is by selling emissions, or carbon credits, to other manufacturers. Tesla gets credit from a governing body (the EU, in this case) for every electric car it sells.

The move dragged Tesla's market cap to $974 billion, putting it below the $1 trillion milestone it had been cruising above since November. Signs had already emerged that Elon Musk's carmaker was struggling in Europe, as EU sales dropped 13% in 2024.

Shares in electric car maker Tesla have slumped more than 9% after EU and UK sales fell by almost half in January. The drop in Tesla shares took the company's valuation back below $1trn for the first time since November 2024. Tesla has been facing stiff competition in the European market from Chinese and other manufacturers.

Of course, Li isn’t talking about teaming up with Tesla to co-develop a new vehicle. Instead, she believes that major EV manufacturers can work together to drive the industry forward as a whole.

Analysts say he may have a longer-term goal for his business empire: backing political parties that might cut back regulations he thinks impede tech innovations.

Tesla, Inc.'s stock may be oversold, its growth potential, and risks like trade tensions and sentiment shifts. Click here to find out why TSLA stock is a Buy.

Tesla dealerships across the continent and the U.S. have been the object of protests and vandalism; consumers are also expressing their displeasure with their pocket books. The company's sales in Europe declined 50 percent in January year-over-year, data from car lobby ACEA shows.

Elon Musk-led EV giant Tesla’s sales in the European Union (EU) is plummeting. The Cybertruck maker’s shares dipped below $1 trillion amid a sales slump in Europe.

Only 9,945 Tesla EVs were registered in Europe, down from 18,161 a year ago in January, per the European Automobile Manufacturers’ Association (ACEA). Meanwhile, overall EV sales jumped 37.3%, indicating that EV demand was strong, but just not for Tesla. Germany, the UK, and the Netherlands saw the biggest gains in EV sales.