Tesla fall amid sales in European market and Musk's spending bill criticism
Electric vehicle maker Tesla's TSLA.O shares fall 4.8% to $315.94
The company is seeing a decline in sales in European markets ahead of the release of a new version of Model Y
Tesla's sales dropped for the fifth straight month in Britain, Germany and Italy in May
"Elon's politics continue to harm the stock. First he aligned himself with Trump which upset many potential Democratic buyers. Now he has turned on the Trump administration," says Dennis Dick, chief strategist at Stock Trader Network
He is now publicly attacking the spending bill on X, which is upsetting many Republican buyers - Dennis Dick
Tesla sales have dropped in some European markets and China, as customers are preferring Chinese EVs due to their competitive pricing and, at times, in protest against Musk's political actions
Up to last close, stock had fallen 21.62% YTD
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