Tesla’s Struggles in Europe and Financial Challenges

Tesla, the pioneering electric vehicle (EV) company, is facing significant challenges in the European market and financial scrutiny at home. Recent reports indicate that Tesla's sales in Europe have plummeted by over 50%, while Chinese EV manufacturers are gaining ground. This decline is particularly stark in contrast to the rising popularity of electric vehicles from Volkswagen and BMW, which are seeing increased demand for their EV models across the continent.

Adding to Tesla's woes, the company is under investigation for a missing billion dollars, raising questions about its financial controls and corporate governance. This financial turmoil coincides with Tesla's stock experiencing its worst performance in history, further compounded by ongoing negative developments. The combination of declining sales and financial issues paints a challenging picture for Tesla as it navigates a competitive and rapidly evolving global market.

• BMW
• Europe
• Tesla
• Volkswagen

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How much Tesla has lost?

The company has shed nearly $750 billion in market cap amid plummeting sales and fears Musk's work with President Donald Trump's White House is damaging the brand and distracting him from his role as CEO of Tesla.

Is Tesla stock crashing?

Tesla stock has now lost over half its value from the high point it hit over the past 12 months. It has crashed 42% since the beginning of the year. However, that still puts it 37% higher than just one year ago – and 729% up over a five-year period. Back in 2020, Tesla was trading below $100 a share.

Can you buy Tesla stock?

Tesla's shares trade on the NASDAQ exchange, under the ticker symbol TSLA. To purchase shares, you will need to do so through a broker. If you do not have a brokerage account, you will need to open one. At this time, Tesla does not have a direct stock purchase program.

Who is buying Tesla stock?

But one group is buying the electric-vehicle maker's shares like never before: CEO Elon Musk's fans. The company has long had an ardent fan base of individual investors who hang on Musk's every word on X, the social-media platform he owns.

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