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Data show Tesla sales declined sharply in Europe

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.

toggle caption Odd Andersen/AFP via Getty Images Tesla sales have dropped sharply in the European market, as the U.S.-based electric carmaker faces both business headwinds and public blowback against the unprecedented political activity of its chief executive. Europe has tried to block Chinese EVs from overtaking the European market, but in response companies like SAIC Motor are pivoting to hybrids. Tesla share prices have dropped by about a third since President Trump took office, erasing virtually all of the stock gains the company enjoyed post-election.

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