Tesla’s (TSLA) stock has faced a steep decline of 33% in the year to date, driven by mounting challenges in the electric vehicle (EV) industry and company-specific headwinds. In Europe, Tesla’s sales dropped by a staggering 49% during the first two months of 2025 compared to the same period in 2024, despite a 28.4% surge in overall EV sales.
The company registered just 19,046 vehicles this year, down from 37,311 last year, as competitors like BYD (BYDDY) introduced innovative models and faster charging technologies that outshine Tesla’s lineup.
