Tesla shares drop on plunging European sales, concerns about Trump's tariffs

Dip buyers stuck with Tesla last week

After eating losses for weeks, their faith in Tesla paid off, at least a bit....

Tesla shares drop on plunging European sales, concerns about Trump's tariffs

Tesla shares slid on Wednesday, continuing their downward trajectory for the year, after a rally over the past few days.

More than 60% of French consumers support the idea of shunting American products, according to an Ifop survey, with Tesla at the forefront. A way to mark their disagreement with the policies of the duo of fake brothers Trump and Musk.

[Frankfurt - Hayashi Hideki] Antipathy towards the Trump administration is leading to a growing movement to boycott American products in Europe. Calls on social media to buy European brands of food and drink instead of American have become prominent, and sales of electric vehicles (EVs) from the US company Tesla have fallen by 40%. In addition to resentment over the tariffs, there is also strong distrust for the country's conciliatory diplomatic…

A recent study shows a growing disamour of the French for American products, with 62% ready to boycott. Tesla climbs on the podium of the most targeted brands, behind Coca-Cola and McDonalds. Political tensions and the search for local alternatives weigh heavily. The phenomenon affects all generations and social classes. When the American image of Tesla or Coca-Cola takes the water In recent times, the French's appeal to Uncle Sam seems to be cr…