Oh my gosh, like, have you heard about Tesla lately? So, as of February 26, 2025, their stock is, like, totally down to $302.80, which is, like, an 8.3% drop from before. This means their market value is, like, less than $1 trillion now, which hasn’t happened since, like, November 2024.
And get this, in Europe, their sales, like, totally tanked by almost 50% in January compared to last year. They only sold, like, 9,945 cars, and their market share went from 1.8% to just 1%. This is, like, super embarrassing, especially since overall electric car sales in Europe went up by 34%.
In China, things aren’t any better. Sales dropped by, like, 11%, and in Germany, they fell a whopping 60%. Analysts now think Tesla will only deliver about 1.7 million cars this year instead of the 2 million they predicted before.
A lot of people are, like, totally over Elon Musk’s political drama. His support for Trump and far-right groups in Europe has led to protests and even vandalism. Some experts say this is why Tesla’s sales are dropping, especially in Europe.
Plus, there’s, like, way more competition now. Companies like BYD from China are selling cheaper electric cars, and even Polestar is offering big discounts to get Tesla owners to switch.
In the U.S., Tesla’s sales are, like, not doing great either. In California, their biggest market, registrations fell 7.8% in the last quarter of 2024, leading to an overall 11.6% drop for the year. Their market share there went down from 60.1% to 52.5%.
In Canada, Tesla raised prices for the Model 3 and Model Y by up to $9,000 and $4,000, respectively, starting February 1. This is, like, because of potential 25% tariffs on cars and parts from Canada and Mexico proposed by President Trump. These price hikes could, like, totally hurt demand since higher costs usually mean fewer sales.
To try and fix things, Tesla bought some assets from a German engineering company called Manz, adding over 300 employees and equipment to their Tesla Automation division. Elon Musk is also, like, super focused on turning Tesla into an AI and robotics company, working on humanoid robots and self-driving cars. But, like, these projects face a lot of legal and tech challenges before they can really take off.
So, yeah, Tesla is, like, going through a rough patch right now. Maybe that’s one of the risks when your iconic leader is also a controversial one.
XOXO,
Valley Girl News
