The action of the Tesla electric vehicle pioneer fell by more than 8% Tuesday in New York, weighed down by the announcement of sales divided by two in Europe. A change of range and, possibly, positions of his boss Elon Musk would make buyers flee.
Around 6:10 p.m. Swiss time, the company’s price plummeted from 8.39% to $ 302.79, and Tesla’s market capitalization passed under the $ 1,000 billion.
Since mid-December, the manufacturer has lost a third of its valuation on the stock market and returned Tuesday to a level close to its capitalization in November.
Despite a leap in electric vehicle registrations in Europe (+34% over a year), Tesla sales were in free fall at the start of the year, according to data published Tuesday by the Association of European Manufacturers (ACEA).
From 15,000 to 7500
According to ACEA data, there were 7,517 registrations of Tesla vehicles in January 2025 in the European Union, against more than 15,000 a year earlier.
The group’s sales are skating due to a change of range, with in particular the uncompromising arrival of low -cost models. Their production should start in the first half, said Tesla at the end of January.
Elon too close to Donald?
This slowdown in sales comes when the business manager, Elon Musk, is an ally very close to Donald Trump.
He directs the “Commission for government efficiency” (DOGE), whose teams go from service to service to prune in expenses and dismiss the staff of the federal bureaucracy, deemed too heavy and costly by Donald Trump and his supporters.
On Tuesday, Mr. Musk gave new chance to American federal officials to justify their professional activity under penalty of being sent back, pushing the deadline for his ultimatum.
The billionaire also displayed his support for the German far right party of the alternative for Germany (AFD) after his record result in the legislative elections.
