Tesla's electric vehicle sales in Europe have dropped 49% in the first two months of the year amid increasing competition and backlash against CEO Elon Musk's political affiliations. This decline coincides with a 28.4% rise in overall EV sales, highlighting growing concerns over Tesla's aging lineup and Musk's controversial endorsements.
As Elon Musk's political entanglements stir controversy, Tesla faces a crisis. Employees express concerns about the company's direction, while stock prices plummet amid fierce competition and public backlash.
Chinese EV maker BYD has overtaken Tesla in annual revenue, reporting a 29% increase to 777 billion yuan. With new lower-priced models and advanced technology, BYD is poised for growth amid Tesla's controversies and market challenges.
Europeans are turning away from Tesla vehicles as Elon Musk's political affiliations cause a sharp decline in sales across the continent. Find out how his ties to Trump and controversial actions are impacting the electric car market.
