Tesla’s market value tumbles below $1 trillion as its Europe sales slump

Tesla’s stock tumbled 8%, pushing its market value below $1 trillion for the first time since November after data showed the electric car maker’s sales slumped in Europe in January. The European Automobile Manufacturers Association reported that Tesla sales dropped 45% in Europe, compared with a 37% jump in overall sales of EVs in Europe.

Tesla’s stock dove 7.9% in the last session. The Stochastic indicator’s is giving a positive signal.
Support: 262.38 | Resistance: 347.13