Tesla faces declining sales and stock value decline

Tesla's stock has dropped 36% this year, marking its worst performance in five years. The decline is attributed to falling global sales and Elon Musk's political activities, which have polarized public opinion and affected the company's brand. Sales in Europe fell by 50% in January, and shipments in China dropped 49% in February. Increased competition from Chinese electric vehicle makers, like BYD, is also impacting Tesla's market share. Musk's focus on politics has led to boycotts and protests against Tesla. Analysts express concern over the company's core automotive business, noting a lack of clear strategies for improvement amid declining sales.