Tesla’s (NASDAQ:TSLA) grip on the European electric vehicle market weakened sharply in April, as the U.S. automaker faces intensifying competition and mounting reputational challenges tied to CEO Elon Musk.

Tesla’s grip on the European electric vehicle market weakened dramatically last month, with new figures showing a 49 per cent drop in sales across 32 European countries compared with April 2024 — a sharp contrast to the overall EV sector,

Tesla sales in the EU slumped for a fourth consecutive month as Musk’s EV maker struggled to cash in on a growing market in the bloc where Chinese rivals are expanding.