Amid a 45 percent collapse in Tesla car sales in Europe in January, shares of the American electric car manufacturer fell by 8.4 percent. This is reported by Bloomberg.
By the close of trading, Tesla’s market value fell to $973.96 billion. Over the past four sessions, it has lost $186 billion, and the fortune of the automaker’s founder Elon Musk has fallen to $364.3 billion.
At the same time, the statistics published the day before by the European Automobile Manufacturers Association had a particularly depressing effect on investors. In one day, Tesla shares lost more than in the previous three days of decline.
Overall, the European electric car market showed growth of 37 percent, with particularly good results recorded in Germany and the UK. However, Tesla’s sales in Germany were the worst since 2021, and in the UK, Musk’s company lost to its main global competitor, the Chinese BYD.
