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Tesla shares plummeted after sales decline in Europe

February, 26 2025

Tesla shares fell by more than 9% after sales in the European Union and the United Kingdom fell by almost half in January. This led to the company's capitalization falling below the $1 trillion mark for the first time since November 2024. The reasons for this drop were the growing competition and ambiguous statements by Elon Musk.The company's sales in the region fell by 45%, which contrasts with a 37% increase in the total number of electric vehicles sold in Europe during the same period. Durin... Read More

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