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Tesla Sales Plummet Amid Musk's Controversial Support

2/9/2025

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Summary

Story summary

Tesla experienced a 1% decline in global sales, notably in California (-11.6%), Germany (-59.5%), and China (-11.5%).
Elon Musk's support for the far-right AfD in Germany may be contributing to the sales downturn.
Tesla's stock fell 11%, the largest drop since October, despite a 20% growth in the global EV market.
Increased competition and shifting consumer attitudes are affecting Tesla's market share and sales.

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Story summary

Tesla experienced a 1% decline in global sales, notably in California (-11.6%), Germany (-59.5%), and China (-11.5%).
Elon Musk's support for the far-right AfD in Germany may be contributing to the sales downturn.
Tesla's stock fell 11%, the largest drop since October, despite a 20% growth in the global EV market.
Increased competition and shifting consumer attitudes are affecting Tesla's market share and sales.