Tesla Inc.’s sales plummeted 59% last month in Germany, adding to indications that Chief Executive Officer’s Elon Musk political activities are hurting the carmaker’s business in major electric vehicle markets.

Tesla sales careened lower in Germany in January, as sales of the electric-vehicle company headed by Elon Musk tumble across Europe. The German trade group VDA reported that Tesla new-vehicle registrations fell 60% in January,

Tesla’s (TSLA) sales in Germany plummeted 59% in January after only 1,277 new cars were registered, the lowest monthly total since July 2021.

Billionaire Elon Musk’s Tesla sales dropped in the three largest markets of Europe, including 59% in Germany, reported the news agency Bloomberg. Shares were trading lower ahead of the Wall Street open on Thursday.

Tesla sold almost 60% fewer cars in Germany in January than in the year-earlier period, as the U.S. electric vehicle maker faces a test of popularity amid headline-grabbing political involvement by its billionaire CEO Elon Musk.

Tesla Inc.’s sales plummeted 59% last month in Germany, where Chief Executive Officer Elon Musk asserted himself in national politics like never before.

Musk's association with the far-right as well as competition from rival EV brands has seen sales slump by as much as 63% in January.

Tesla ( NASDAQ: TSLA) fell to its lowest trading level in 2025 on Wednesday amid more signs that demand in Europe may be faltering. During January, Tesla's ( NASDAQ: TSLA) sales in Germany plunged 59.5% year-over-year to 1,277 vehicles, while Sweden, Norway, Denmark, and the Netherlands all saw drops of more than 40%.

Tesla posted lower sales across five EU countries as competitors with newer models gained and polls show public opinion souring on CEO Musk.

The U.S. electric car company’s sales are sliding across Europe, amid what many see as interference in local affairs by Tesla’s chief executive, Elon Musk.