Tesla falls again!
The shares of the EV giant continued to plunge by 8.4% yesterday, eroding $1 trillion from the market after sales reports in Europe fell 45% in a month.
But that's not all, Elon Musk's busy politics is also increasingly suffocating his company.
After siding with Trump and supporting right-wing European leaders, Musk is now facing a silent boycott from customers in Germany and other countries.
Wedbush Securities analyst Dan Ives believes that customers in Europe are less fond of political drama, especially when the Tesla CEO continues to put himself in the spotlight.
Tesla's situation is increasingly squeezed by fierce competition from BYD in China, which is now launching self-driving technology for almost all of its models.
Wall Street analysts described the fall as a "wake-up call" for Tesla, with some investors beginning to reconsider their shareholdings.
With Musk's image increasingly tarnished and sales declining, Tesla may need more than just a software update to save itself.
