The actions of the Tesla electric car manufacturer fell by more than 9% after sales of the EU and the United Kingdom fell by almost half in January.
Tesla’s decrease in shares has brought the company’s assessment below $ 1 billion for the first time since November 2024.
Tesla has faced strong competition on the European Chinese market and other manufacturers.
In addition, Tesla owner, Elon Musk, made controversial political waves on both sides of the Atlantic, said an analyst.
Tesla sales in January have complained about European sales of electric cars, which increased by more than a third of the month, according to the body of the Acea de Trade.
Instead, Tesla sales in the EU, EFA and the United Kingdom dropped more than 45% and more than 50% in the EU alone.
This occurs after Tesla, Tesla sales, dropped last year for the first time in more than a decade when demand did not succeed and its rivals have acquired a pace.
The main factor in the January sales crisis was likely to increase competition, said AJ Bell’s investment director, Russ Russ.
The Chinese manufacturer byd has made great progress, in part because it includes as standard certain features that cost the other manufacturers, said MMO.
However, some car buyers can also take a “position in principle” on Musk’s political interventions, he said.
Musk has made waves in the United States with its involvement in reducing American development funds and efforts to considerably reduce American federal funding.
In the United Kingdom, he supported the far-right activist imprisoned Stephen Yaxley-Lennon, also known as Tommy Robinson, and repeatedly criticized Prime Minister Sir Keir Starmer.
Musk also supports the far -right AFD party in Germany and congratulated its leader after the party’s record result in second place in elections.
There are other political factors that can mitigate Tesla’s perspectives, said MMO.
Tesla Share obtained a big boost after the American elections due to Musk’s proximity to Donald Trump – Musk described himself as “First Buddy” to the American president.
Investors thought it would resist his businesses in good place.
However, Trump is not an electric vehicle supporter and said that he would cancel efforts to stimulate their property.
“How someone thought it was going to be good for Tesla, I don’t know,” said Mug.
There is also the general despicization of the market on the path of interest rate reductions and concerns about Trump’s pricing plans which could contribute in the fall, added.
