In February, Tesla's sales in Australia faced a staggering 71% decline compared to the previous year, indicative of broader issues. The company sold just 1,592 vehicles, down from 5,665 in February 2024. This decline coincided with various forms of vandalism against Tesla stores and protests against Elon Musk. Furthermore, Tesla's sales troubles were not limited to Australia, as European markets and China also reported significant declines, raising concerns among investors about Musk's political involvement and its potential implications for the company's future performance.
Tesla faced a dramatic 71% drop in sales in Australia in February, selling only 1,592 vehicles down from 5,665 units in the same month last year.
The decline in Tesla sales coincided with instances of vandalism targeting the company and protests against Elon Musk, indicating rising tensions related to the brand.
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