Another blow to Elon Musk from Tesla!

Bad news continues to come one after another from Tesla, owned by Elon Musk. Tesla's car sales in Europe fell by 27.9 percent in May 2025 compared to the same period in 2024.

Tesla's downward trend continues, with its share in the European market dropping from 1.8 percent to 1.2 percent. Electric vehicle giant Tesla suffered a sales loss for the sixth consecutive month in the Swedish and Danish markets.

FALLING OVER 60 PERCENT

According to the news in Reuters, sales in both countries fell by more than 60 percent in June, once again revealing Tesla's difficulties in Europe.

Tesla's sales in Sweden fell 64.4 percent compared to the same period last year, according to vehicle registration data. Similarly, sales in Denmark fell 61.6 percent.

Sales of the company’s popular revised Model Y fell 31.2 percent year-on-year in Denmark to 1,155 units, suggesting Tesla is struggling to regain lost momentum in the region.

ELON MUSK’S POPULARITY IS DECREASING

This sharp decline in sales is increasing the market share of rival brands. It is claimed that the decline in the popularity of Tesla CEO Elon Musk is also reflected in sales.

On the other hand, on the day the sales figures were announced, it was noteworthy that the disagreement between Musk and former US President Donald Trump over a large-scale tax cut and spending package came to the fore again.

SHARES DECLINED ON THE STOCK EXCHANGE

All these developments were also reflected in Tesla's stock market performance. The company's shares traded on the Frankfurt stock exchange lost 5.6 percent of their value as of 07:30 Turkish time.