Trump Suffers Massive Blow in War on Education Department

It’s a major boon for the Chinese electric vehicle company, which only began selling cars in Norway and the Netherlands in late 2022. But Musk’s recent support for Donald Trump and the U.S. president’s far-right, government-destroying policies has influenced buyers, leading to boycotts at home and abroad that have drastically affected Tesla’s margins.

“This is a watershed moment for Europe’s car market, particularly when you consider that Tesla has led the European battery electric vehicle market for years, while BYD only officially began operations beyond Norway and the Netherlands in late 2022,” Felipe Munoz, global analyst at Jato Dynamics, told the Financial Times.

Tesla historically attracted a more liberal consumer base with its electric vehicles, but since Musk went “dark MAGA,” that same base has soured on the tech billionaire and his products. That’s proven especially true in some of Europe’s stronger economies, such as Germany, which has seen Tesla sales in the country fall by more than 70 percent in the beginning of the year, reported Bloomberg. Sales in China—where Tesla has two major factories—similarly plummeted, falling by 49 percent in February.