Tesla Market Value Falls Below $1 Trillion Amid 45% Sales Decline in Europe

Tesla's stock plummeted over 8% on February 25, causing its market value to drop below $1 trillion, primarily due to disappointing European sales, which fell 45% year-over-year. The company sold less than 10,000 vehicles in Europe last month, raising concerns among investors as CEO Elon Musk's political activities and support for far-right leaders in Europe are perceived to negatively impact consumer interest. Analysts suggest that Musk's political affiliations may contribute to a consumer backlash, reducing Tesla's market share significantly. The drop in Tesla's stock has also led to a substantial decrease in Musk's net worth, estimated to have fallen by nearly $15 billion this year. Compounding these issues, Tesla faces fierce competition from rival manufacturers in key markets like China. The combination of these factors has led to a heightened sense of uncertainty regarding Tesla's future performance.