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Evening Standard

Business

Jonathan Prynn

Tesla crashes out of $1 trillion club as "Elon factor" hits sales and shares

Tesla Inc. Elon Musk SMMT Donald Trump United Kingdom

Tesla co-founder and CEO Elon Musk introduces the newly unveiled all-electric battery-powered Tesla Cybertruck at Tesla Design Center in Hawthorne, California - (AFP via Getty Images)

The impact of Elon Musk’s high profile political activities on Tesla sales in the UK - its second biggest European market - will be revealed next week as the value of the electric car maker falls below $1 trillion.

The Society of Motor Manufacturers and Traders (SMMT) will unveil marque by marque figures for January and February on Wednesday.

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