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Tesla Faces Global Sales Decline Amid Rising Competition and Musk's Political Controversies

  • Tesla sales are declining significantly in key markets worldwide, with annual registrations for the Model 3 dropping by over a third in the State.
  • In Sweden and Norway, Tesla is losing market share despite overall car sales soaring, as reported by Reuters.
  • Tesla is now the fourth most valuable car brand globally, with Toyota holding the top position, according to a recent Brand Finance report.
  • Elon Musk's controversies, including his involvement in politics and social media, are drawing attention away from Tesla during what he calls a pivotal year for the company.
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evmagz.com broke the news in on Saturday, February 1, 2025.
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