The Tesla company (TSLA) has fallen out of the $1 trillion market cap club as its stock continues a 23% drop. CEO Elon Musk’s recent moves and political activities are having a reverse effect on the stock, as sales fall especially in the UK. The company is underperforming in the majority of Europe in 2025, which has had a significant impact on TSLA’s stock performance. Now, analysts are hoping a reversal is imminent to rescue one of the premium US options on the car manufacturing market.
Figures from the Society of Motor Manufacturers and Traders (SMMT) last month show that Tesla’s sales were down 8% in January. However, next week’s data could show a far bigger fall for February. The company’s market share in Europe dropped to 1% from its previous 1.8%, as it fell behind China’s SAIC Motor, according to Business Insider. Moreover, the competitor saw its market share jump from 1.7% to its current 2.3% in what is shifting…
