Electric vehicle (EV) adoption in Europe is increasing. One would expect that Tesla would be one of the biggest winners of such news. But the company’s sales are falling across most of its key markets.

Electric vehicle (EV) giant Tesla’s ($TSLA) sales in UK jumped by 20.7% in February despite CEO Elon Musk’s seemingly deteriorating brand value.

One of several ways in which Tesla generates revenue is by selling emissions, or carbon credits, to other manufacturers. Tesla gets credit from a governing body (the EU, in this case) for every electric car it sells.

Shares in electric car maker Tesla have slumped more than 9% after EU and UK sales fell by almost half in January. The drop in Tesla shares took the company's valuation back below $1trn for the first time since November 2024. Tesla has been facing stiff competition in the European market from Chinese and other manufacturers.

The move dragged Tesla's market cap to $974 billion, putting it below the $1 trillion milestone it had been cruising above since November. Signs had already emerged that Elon Musk's carmaker was struggling in Europe, as EU sales dropped 13% in 2024.

The European Commission has decided to give automakers breathing room in achieving its zero-emission target, which is going to enable them to buy fewer emission credits from Tesla and other all ...

Analysts say he may have a longer-term goal for his business empire: backing political parties that might cut back regulations he thinks impede tech innovations.

BRUSSELS — Tesla’s collapsing European sales are putting at risk its revenue from selling credits to other automakers looking to avoid paying penalties for not meeting EU emissions targets.

Tesla, Inc.'s stock may be oversold, its growth potential, and risks like trade tensions and sentiment shifts. Click here to find out why TSLA stock is a Buy.

Of course, Li isn’t talking about teaming up with Tesla to co-develop a new vehicle. Instead, she believes that major EV manufacturers can work together to drive the industry forward as a whole.

BYD has rapidly grown into a dominant force in the automotive industry, challenging legacy automakers and rivaling Tesla in global EV sales.

Elon Musk-led EV giant Tesla’s sales in the European Union (EU) is plummeting. The Cybertruck maker’s shares dipped below $1 trillion amid a sales slump in Europe.