Speaking at a press conference, Alice Weidel of Germany's far right Alternative for Germany said she had received a congratulatory phone call from Elon Musk, the billionaire CEO of electric vehicle maker Tesla and adviser to U.
Tesla stock is down 46% below its December 2024 high, notes CNBC, a $677 billion loss in market value. Last year Tesla shipments fell as Musk's DOGE work hurts the brand.
Germany's Alternative for Germany (AfD) party was bolstered in the country's recent elections by the vocal support of Elon Musk. The billionaire owner of Tesla has since seen his group's sales in Germany nosedive 70% in the first two months of 2025.
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Elon Musk’s D.O.G.E costs him $151B in wealth as Tesla keeps underperforming in all marketsElon Musk has lost $151 billion—nearly half of his fortune—as Tesla’s stock price collapses while he focuses his entire attention on his friend, president
It appears that Tesla sales are slumping in the U.S., too. According to the California New Car Dealers Association, Tesla registered fewer cars in the state in all four quarters of 2024. California is the largest EV market in the U.S. Tesla sales fell by 8 percent in the fourth quarter and 12 percent for the whole year.
Tesla's sales in Europe are tumbling like a kid at gymnastics camp. In February they were down 42% in Sweden, 48% in Norway and—wait for it— 76% in Germany. This is not great news for the global EV transition or for Tesla, folks.
Tesla has had a turbulent February. Marked by a significant stock decline and growing backlash to Elon Musk's political role.
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