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

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.

Long-time investors are urging Musk to refocus his attention on the automaker and away from politics. Some have called for the CEO to either resign from DOGE or find another person to run Tesla. Even Tesla bulls like Dan Ives, an analyst with Wedbush Securities, have conceded that Musk’s political efforts are undeniably harming his EV company.

The company’s sales in January and February are down nearly 43 percent year over year, according to new registration data from the EU. Meanwhile, overall electric vehicle registrations are up 28 percent across the continent,

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 drop came on the heels of declining Tesla sales in Europe, surging U.S. sales by rival EV-makers, and widespread protests among liberals because of the work that Musk has done

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.