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Wajeeh Khan

Elon Musk Grabs Control of Tesla’s Europe Sales as Painful Plunge Continues. Can That Save TSLA Stock?

Elon Musk Tesla Inc. Europe JPM Ryan Brinkman JPMorgan

Investors are glued to Tesla (TSLA) at writing following reports that its billionaire chief executive, Elon Musk, will personally oversee European sales after firing Omead Afshar – the company’s vice president of manufacturing and operations – last week. 

Musk is seizing operational control at a time when the EV maker is scrambling to stabilize sales in Europe. According to the latest data, TSLA registrations were down 61.5% in Denmark and 64.4% in Sweden last month. 

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