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Tesla starts 2025 with sharp drop in sales in Europe

  • Tesla sales in Europe, the UK, and EFTA dropped by more than 45%, with sales under 10,000 units last month, representing a significant decline from a year earlier.
  • Russ Mould, an investment director at AJ Bell, indicated that increasing competition is likely a main factor in the January sales slump.
  • Tesla's market capitalization fell below $1 trillion, largely due to a decline in vehicle registrations in Europe in January and February.
  • Tesla's stock faced pressures from U.S. Tariffs proposed by President Donald Trump on goods from Canada, Mexico, and China.
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Salon broke the news in San Francisco, United States on Tuesday, February 11, 2025.
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