Tesla's European Sales Crash: Model Y Transition and the Musk Effect

Tesla's January sales in Germany plummeted nearly 60% year-over-year, mirroring a broader European slump. The downturn is attributed to the Model Y transition and negative sentiment surrounding Elon Musk's political actions. While the overall German auto market declined only 2.8%, the electric vehicle market grew by 53.5%, highlighting Tesla's unique challenges. While Tesla will likely cite the Model Y transition, the 'Musk effect' is undeniable, potentially impacting the entire EV industry.