What Happened? Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) fell 3.6% in the afternoon session after Bloomberg reported that the company's sales (January 2025) fell almost 60% in Germany, compounding its woes in Europe,

Tesla’s Q4 2024 earnings call featured CEO Elon Musk, who spoke at length about the state of the EV company and where it could be in the future. It was during this call that Musk said Tesla could be valued at more than the next five largest companies, combined.

Tesla ( NASDAQ: TSLA) fell to its lowest trading level in 2025 on Wednesday amid more signs that demand in Europe may be faltering. During January, Tesla's ( NASDAQ: TSLA) sales in Germany plunged 59.5% year-over-year to 1,277 vehicles, while Sweden, Norway, Denmark, and the Netherlands all saw drops of more than 40%.

Tesla posted lower sales across five EU countries as competitors with newer models gained and polls show public opinion souring on CEO Musk.

January sales plunged 63% in France, the second biggest market in the European Union for electric vehicles (EVs).Maximize Your