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Reuters

Reuters

Technology

Technology

Tesla's market value tumbles below $1 trillion as its Europe sales slump

Reuters
Summary
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77% Informative

Tesla 's stock tumbled 8% on Tuesday , pushing its market value below $1 trillion for the first time since November .

European Automobile Manufacturers Association reported that Tesla sales dropped 45% in Europe , compared with a 37% jump in overall sales of EVs in Europe .

Some investors are also worried that CEO Elon Musk's role overseeing a radical downsizing of the federal government is distracting his attention from Tesla .

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English

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