Tesla Sales in Europe Drop 13%, Musk's Politics Impact Sales

Tesla has experienced a significant 13% decline in sales across Europe, with Germany seeing a staggering 41% drop, attributed in part to Elon Musk's controversial political endorsements and the rise of local competitors like Volvo and BMW. The company faces mounting pressure as traditional automakers launch more affordable and innovative electric vehicles, particularly in the wake of reduced subsidies for EVs. Some German businesses are reportedly distancing themselves from Tesla, ceasing purchases due to Musk's political stances, which they perceive as misaligned with their values. Despite plans to redesign the Model Y and launch it in Europe by 2025, analysts express concerns over Tesla's aging product lineup and lack of fresh offerings. The broader European EV market is also contracting, but Tesla's decline is outpacing that of its rivals, raising questions about its future in the region. As competition intensifies and consumer sentiment shifts, Tesla's ability to reclaim its market position will be closely monitored in the coming years.