Tesla sales plummeted in several major markets in Europe last month, including Germany, the UK, and France. Is Elon Musk to blame?

Billionaire Elon Musk’s Tesla sales dropped in the three largest markets of Europe, including 59% in Germany, reported the news agency Bloomberg. Shares were trading lower ahead of the Wall Street open on Thursday.

Sales of Tesla cars have nosedived across some of the EV manufacturer’s most valuable European markets—and experts are blaming Elon Musk. Sales in Germany, where Tesla has a factory, dropped a staggering 59 percent in January compared to the same month last year,

As Musk wrote in a January post, “From MAGA to MEGA: Make Europe Great Again.” First, he took Washington, and now his sights are set on Europe. Or, as Elon Musk wrote in a January 18 post to his social media platform X: “From MAGA to MEGA: Make Europe Great Again!”

While Tesla's sales in markets such as Belgium, Netherlands, and Sweden rose last year, the overall picture in Europe is less than rosy for the automaker — esp