Shares in electric car maker Tesla have slumped more than 9% after EU and UK sales fell by almost half in January.
The drop in Tesla shares took the company’s valuation back below $1trn for the first time since November 2024.
Tesla has been facing stiff competition in the European market from Chinese and other manufacturers.
In addition, Tesla owner Elon Musk has been making controversial political waves on both sides of the Atlantic, an analyst said.
Tesla sales in January bucked European electric car sale trends, which grew by more than a third in the month, according to trade body Acea.
Instead, Tesla sales across the EU, EFTA and the UK fell more that 45%, and more than 50% in the EU alone.
Ryska hackare lamslog franska posten mitt i julruschen
Bara några dagar före julafton drabbades den franska posten, La Poste, av en omfattande it-attack som slog ut centrala datorsystem. Enligt Reuters har den pro-ryska hackergruppen Noname057 tagit på sig ansvaret för dådet, som genomfördes i form av en överbelastningsattack…
