Tesla's sales in key European markets fell again in March, data showed on Tuesday, adding to signs that drivers are shunning Elon Musk's electric car brand as competition from China stiffens and some protest against his political views.

Tesla’s European problems are not over. Some countries have already reported their March delivery numbers,, and despite the new

Vehicle sales at China’s BYD soared 58 per cent in the first quarter in a stark contrast to an expected fall in demand for Tesla’s electric vehicles, as European consumers shun Elon Musk’s brand. The Shenzhen-based group said on Tuesday that it delivered 986,

There is some reason for optimism, but the risk of bad news coming also exists. Some of the latter is already priced into the stock, though. Tesla shares have plunged by about 32% year to date. That's after the stock jumped 6.2% as of 11:55 a.m. ET today.

Tesla shares gained a day ahead of the electric vehicle maker's first-quarter deliveries data expected Wednesday.