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tesla sales drop 40 percent in europe amid musk backlash and competition
Tesla's sales in Europe plummeted 40% last month, raising concerns over the impact of CEO Elon Musk's political affiliations on consumer sentiment. While overall electric vehicle sales rose, Tesla's market share fell to 1.8%, with significant declines noted in Germany, where sales dropped over 70%. The company faces intensified competition from rivals like BYD and criticism over Musk's political engagements, which have led to calls for boycotts and a notable decrease in investor confidence.
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