Sales in Europe appear to be plunging — down 42% in the first two months of 2025. Now one company appears to be capitalizing on Tesla's missteps.

EV maker Tesla's latest numbers for Sweden, Denmark, and the Netherlands are down over 60% in March, but TSLA stock is doing fine.

Another tempting Chinese Model Y rival in Europe is the Xpeng G6. Its base price in Germany is €47,600, which gets you a single-motor G6 with 296 hp and a 66 kWh battery. The small battery nets the base G6 a WLTP range of 270 miles (435 km), which can be increased up to 354 miles (570 km) with the optional 87.5 kWh battery.

Shares of Tesla fell more than 2% on Wednesday as the company recorded a bigger-than-expected drop in sales in the January-March period.

The news followed a quarter in which Tesla's stock fell 36%, its worst quarterly performance since 2022, as protests and boycotts in the U.S. and Europe drove potential EV buyers to look elsewhere. Where to invest $1,

Shares fell as much as 6.4%, to a low of $251.27, in the morning session after Tesla reported a 13% drop in vehicle deliveries during the first quarter. Wedbush analysts said the result was disastrous and reflected growing negativity around the brand stemming from Musk's involvement in President Trump's inner circle.