Tesla shares slump after European sales fall
Shares in electric car maker Tesla have slumped more than 9% after EU and UK sales fell by almost half in January. The drop in Tesla shares took the company's valuation back below $1trn for the first time since November 2024. Tesla has been facing stiff competition in the European market from Chinese and other manufacturers.
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Tesla, with relatively shallow vehicle sales growth, if any. Read why I continue to rate TSLA stock as a Hold.
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