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Tesla sales plunge in France, showing Elon Musk may have a long way to go to restore the brand - MarketWatch

1. Tesla's deliveries in France dropped 67% in May 2025 from 2024 levels. 2. European EV market is weak, impacting Tesla's sales across multiple countries. 3. Musk's political statements have attracted significant backlash affecting brand sentiment. 4. BYD has overtaken Tesla in European sales for the first time in April. 5. Expect global sales numbers to be released by Tesla in early July.

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FAQ

Why Bearish?

Tesla's significant sales decline in key markets reflects weakening demand and competition. Historical sales dips often correlate with stock price declines, as seen last year.

How important is it?

The drastic drop in sales in a major market combined with Musk's controversies creates a potential for investor concern, making it a significant issue for TSLA’s future.

Why Short Term?

Immediate negative sales data will likely affect market perception before July’s earnings report. Short-term reactions may be volatile until clarity is provided.

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