Tesla market value tumbles below $1T as Europe sales plummet, concerns grow about Musk

Tesla’s stock tumbled 8% on Tuesday, pushing its market value below $1 trillion for the first time since November after data showed the electric car maker’s sales slumped in Europe in January.The European Automobile Manufacturers Association reported that Tesla sales dropped 45% in Europe, compared with a 37% jump in overall sales of EVs in Europe.The sales decline underscores Tesla’s challenges following a dip in global deliveries last year that has raised pressure on CEO Elon Musk to roll out lower-priced ...