Tesla Sales Plummet in Europe Amid Musk's Controversies; Rivals See Opportunity

Tesla's new vehicle registrations significantly dropped across Europe in January, with Germany seeing a nearly 60% year-on-year decrease. Declines were also reported in Spain (75.4%), France (63.4%), Sweden (46%), and the Netherlands (42.5%). This decline is partially attributed to Elon Musk's political stances and controversial actions. Some Tesla owners are switching to rival brands like Polestar, which reports increased inquiries from disgruntled Tesla customers. Tesla's stock has fallen 15% in the last month. While Musk's behavior is a factor, increased competition and evolving market dynamics also contribute to Tesla's challenges.