Shares of electric vehicle manufacturer Tesla are trading in the red following a report showing the company’s sales in Europe almost halving year over year.
Tesla shares were trading at around $291 as of 2:00 p.m. EST on Wednesday, down 3.68 percent for the day, according to Bloomberg. On Tuesday, the stock fell by more than 8 percent. A Feb. 25 report from the European Automobile Manufacturers’ Association showed that Tesla sold 9,945 units in January in the European Union, the European Free Trade Association, and the United Kingdom, which was down 45.2 percent from January 2024.
