Amid weak sales, tariff worries, and CEO Elon Musk’s intensifying political role, the stock has lost a third of its market value since President Donald Trump took office. Data from the China Passenger Car Association showed that Tesla’s February wholesale number,

Tesla sold 30,688 China-made vehicles in February, a 49% plunge from a year ago. The data comes shortly after figures showed a plunge in European sales.

Tesla's sales of its China-made electric vehicles dropped 49.2% in February from a year earlier to 30,688 cars, the lowest since August 2022, as the U.S. automaker faces pressure from Chinese rivals in a relentless smart EV price war.