Tesla sees $100bn wiped off its value as Europe snubs Musk over his foray into politics
More than $100billion was wiped off the value of Tesla last night after a collapse in sales in Europe. The electric car giant sold just 9,945 vehicles last month – a 45 per cent drop from January last year – according to figures from the European Automobile Manufacturers Association. The decline contrasts with a 37 per cent rise in electric car sales in Europe overall – fuelling speculation that Tesla has been hit by a backlash against boss Elon Musk and his foray into politics.
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