US Stock Market Move | In January, sales in Europe plummeted by 45%, causing Tesla, Inc. (TSLA.US) to drop nearly 6%.

On Tuesday, Tesla, Inc. (TSLA.US) fell nearly 6%, hitting a new low in three months, with a market value falling below $1 trillion, now trading at $311.09. On the news side, data from the European Automobile Manufacturers' Association showed that Tesla, Inc.'s sales in Europe plummeted 45% to 9,945 units in January. In Germany, Tesla, Inc. registered only 1,277 new cars in January, the lowest monthly sales since July 2021; sales in France plummeted 63%, the worst performance since August 2022. In contrast, electric vehicle registrations across the European industry soared 37% that month, with competitors like Volkswagen and Stellantis reaping the benefits in the German and British markets.