Tesla's sales in key European markets fell again in March, data showed on Tuesday, adding to signs that drivers are shunning Elon Musk's electric car brand as competition from China stiffens and some protest against his political views.

Tesla has been the target of protests around the world amid owner Elon Musk's affiliation with the Trump administration and his backing of European far-right parties.

The Trump administration announced a series of wide-ranging new tariffs yesterday, and investors are selling out of stocks in response. With today's pullback, Tesla stock is now down roughly 33.5% across this year's trading.

Tesla’s (TSLA) performance in Europe continues to be poor, Schwab reporter Jenny Horne noted today. Specifically, the company’s deliveries in France have tumbled sharply. Meanwhile, a number of its China-based rivals are growing tremendously,

Stephen Morris Well, people were very pessimistic, seeing sales figures come in from around the world, in particular in China, Europe, and the US. And as such, it adjusted their forecast downwards, but these undershot even those and they were the worst quarter for EV deliveries since 2022.

Tesla reported almost 336,700 Q1 vehicle deliveries, missing analyst expectations. That's 13% lower YoY and the worst quarterly data since 2022.

Tesla sales tumbled for a third month in France, according to data released a day ahead of the electric vehicle maker’s quarterly report on deliveries.

Tesla stock fell after poor delivery data, but was getting a boost in midday trade after a report said Elon Musk is set to step back from his intensive role in the Trump administration.