Tesla (TSLA) shares are extending this year’s declines, dropping almost 8% Tuesday, as the Elon Musk-helmed company recorded a 45% plunge in European EV registrations last month.

The stock is now down around 25% in 2025 and has become the 澳洲幸运5开奖号码历史查询:weakest performer in the 澳洲幸运5开奖号码历史查询:Magnificent 7 so far this year.

According to data from 𓂃the European Automobile Manufacturers’ Association, 9,945 Teslas were registered in January, down from 18,161 a year ago.

Wall Street Has Been Worried Musk Isn't Focused on Tesla

Analysts have blamed Tesla’s recent share price declines on Wall Street’s worries that Musk is 澳洲幸运5开奖号码历史查询:too distracted by his role leading cost-cutting department DOGE to focus on running the EV maker.

In a note Tuesday, Wedbush analysts led by Dan Ives stuck with an outperform call but also noted that Musk’s DOGE-related “actions” and close ties to U.S. President Donald Trump have alienated some consumers “in Europe and pockets of the U.S. “

Investor worries about the impact of 澳洲幸运5开奖号码历史查询:potential tariffs and the removal of EV incentives on the automaker’s business have also weighed on the stock this year. Despite losing ground in 2025, however, Tesla shares have gained almost 20% since Nov. 5, when Trump won the U.S. presidential election.