Tesla, Inc. (TSLA.US) continues to struggle in the European market! French registrations plummeted by 37% in March.

Tesla, Inc.'s sales in France dropped sharply last month, with registrations falling by 37%. The electric car manufacturer is still facing challenges in the European market. According to data from the French automotive industry association "Plateforme Automobile", the Texas-based electric car manufacturer registered 3,157 new cars in France in March. This decline is particularly notable compared to the overall French car market, which saw a 15% decrease in sales during the same period. In February, Tesla, Inc. also saw a 26% decrease in registrations in France, and in January, a sharp 63% decrease. The reason for the drop in sales is attributed to CEO Elon Musk's political activities and the impact of model changes on performance in the region. In February, Tesla, Inc. also experienced a significant 40% year-on-year decrease in new car sales in Europe, as European buyers expressed dissatisfaction with Elon Musk's role in the administration of former U.S. President Donald Trump. Currently, there are protests taking place globally under the name "Tesla Takedown", where demonstrators accuse Musk of enabling extreme right-wing movements and call for a boycott of the company. Elon Musk announced today that he plans to resign from his position at the Department of Government Efficiency (DOGE) by the end of May. In an interview, Musk expressed confidence in achieving the goal of reducing the federal deficit by $1 trillion before his departure, emphasizing the inefficiency of the government, widespread waste and fraud, and his confidence in reducing expenditures by 15% without affecting key services. As of the time of writing, Tesla, Inc. was up 1.4% in pre-market trading on Tuesday. However, its stock price has fallen by nearly 36% since the beginning of the year.