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TSLA
Business Insider
207 days

Tesla sales in Europe are sliding. That's a problem for Elon Musk.

1. Tesla's sales in Europe dropped 13% in 2024, trailing market trends. 2. Sales fall particularly sharp in Germany, down 41% amid increased competition. 3. Musk's political involvement may further alienate European customers from Tesla. 4. Rival automakers like Volvo and Renault are gaining market share in Europe. 5. Product lineup stagnation and lack of new models hinder Tesla's performance.

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FAQ

Why Bearish?

Declining sales and increased competition could negatively affect TSLA's share price.

How important is it?

Sales impacts in major markets like Europe can significantly influence TSLA's financial health.

Why Short Term?

Immediate sales declines in Europe may affect quarterly results and investor sentiment.

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