The news broke earlier that Tesla is replacing Elon Musk as CEO:

The data release from France earlier gives an indication to the urgency of this.

While new car registrations in France fell 5.64% in April from a year earlier the figure for Tesla was an order of magnitude worse:

Tesla sales fell 59.45%

Year to date figures paint a similar picture:

  • French market shrunk by 7.28%
  • Tesla's sales have declined by 43.98%
elon musk sig heil

The picture of Musk's Nazi salute flashed to screens globally and have done damage to Tesla's brand, along with other Musk missteps.

Source: Forex Live