Volkswagen’s electric SUV is making a comeback. Last month, the Volkswagen ID.4 topped Tesla’s Model Y to become the best-selling EV

Tesla has agreed to buy assets of embattled German engineering group Manz as the US electric vehicle maker expands its footprint in the European market despite plummeting sales in the region. Under the deal,

Elon Musk's automaker fell to a 1% market share in Europe in January, down from 1.8% in the same month last year and behind Chinese rival SAIC.

Some automakers have increased the prices of petrol engine models to encourage EV adoption, but the industry fears that customers will simply buy fewer cars.

Shares of the US electric vehicle pioneer Tesla slumped as much as nine percent Tuesday, as investors digested disappointing European sales and chief executive Elon Musk's aggressive foray into politics.

To be clear, despite its relative youth and its recent struggles, Tesla is among the 10 most profitable car makers in the world. Its net income is comparable to that of major car manufacturers like Honda, General Motors, and Ford, as you can see in the chart below.

Tesla's sales are off to a dismal start in Europe in 2025. Is Elon Musk’s politics to blame and should you sell your Tesla shares?

New data out this week shows a sharp decline in Tesla sales in Europe. The company is facing multiple headwinds — including consumer pushback to CEO Elon Musk's political pivot to the right.

Overall EV sales in Europe surged 34% in January, while Tesla saw its sales across the continent plummet by a staggering 45%.

Tesla Inc.’s sales plunged 45% last month across Europe, where rival carmakers saw a surge in electric-vehicle demand.