Tesla's downward spiral is turning into a rout, with its share of European electric car sales falling by 58 percent in the first two months of this year, dropping from 18.4 percent in 2024 to 7.7 percent for the same period this year, according to data from JATO Dynamics, an auto consulting firm.
To add insult to injury, Chinese EV brands sold nearly 20,000 vehicles in Europe last month, far outpacing Tesla's 15,700 units.
The American EV company is facing a global backlash, fueled by ire at CEO Elon Musk and his actions as a key adviser to U.S. President Donald Trump.