Tesla sales are slumping in the US, too

Core Insights - Tesla's sales are experiencing a significant decline in the US and globally, with new registrations in the US dropping by 11% in January compared to the previous year, while competitors like Ford saw a 54% increase in their electric vehicle registrations [1][6] - Despite maintaining a dominant market share of 42% in the US EV market, Tesla's sales in Europe nearly halved in January, attributed to backlash against CEO Elon Musk for his controversial statements and actions [2][6] - The company's stock price has fallen over 50% since mid-December, raising concerns among investors regarding sales performance and Musk's focus on other ventures [5] US Market Performance - New Tesla registrations in the US fell by 11% in January year-over-year, contrasting with significant sales increases from competitors [1][6] - Tesla sold 35,000 more EVs than Ford in January, maintaining a leading position despite the sales slump [2] European Market Challenges - Tesla's sales in Europe nearly halved in January, with Musk facing criticism for his political comments and affiliations [2] - The backlash has contributed to a challenging sales environment for Tesla in the region [2] Global Sales Decline - In China, Tesla's sales dropped by 49% in February, facing stiff competition from local manufacturers like BYD [4] - The overall global sales decline is compounded by protests against Musk in the US, affecting Tesla's brand image [3][6] Investor Sentiment - Tesla's share price has decreased by more than 50% since mid-December, reflecting investor concerns over declining sales and Musk's distractions [5]