Following declining sales in Europe, Tesla shares lost 8% in value. The market value of the company fell below 1 trillion dollars. Owned by American billionaire Elon Musk, Tesla’s share price dropped by 8.39% on Tuesday to $302.8. With this decrease, Tesla’s market value dipped below 1 trillion dollars. As a result, Tesla ranked 10th among the world’s most valuable companies, with a market value of $973.96 billion. According to data released by the European Automobile Manufacturers Association (ACEA), Tesla’s car sales in Europe decreased by 45.2% in January compared to the same period last year. Analysts noted that Tesla’s popularity declined after Donald Trump won the U.S. presidential election on November 5, 2024. Losing many of the gains it had after Trump’s election victory, Tesla shares have recorded a 25% drop since the beginning of the year.