Tesla Sales Drop Sharply in Europe Amid Elon Musk's Popularity Wane
The latest data from the European Automobile Manufacturers’ Association has shown that Tesla saw a sharp drop in sales in Europe last month, with new car registrations declining 45% year-on-year to 9,945 units. The decline comes after CEO Elon Musk made several high-profile interventions into European politics, which may hint at his waning popularity with the region's consumers. Despite this, analyst Dan Ives remains bullish about Tesla, citing a $500+ price target.
- The sharp drop in Tesla sales in Europe highlights the growing importance of regional consumer sentiment in shaping demand for electric vehicles.
- Will other automakers follow Tesla's lead and reassess their strategies to regain market share in the European market?