Tesla’s market capitalization has fallen below US$1 trillion after its shares decreased for four consecutive sessions.

The cumulative decline has erased US$186 billion in market value.

The company experienced a 45% drop in car sales in January across Europe, while the regional EV market grew 37%, highlighting its struggles.

Analysts cite rising competition and controversies surrounding CEO Elon Musk as key factors affecting Tesla’s vehicle sales.

As of Feb. 25, Tesla shares experienced the largest decline among major technology stocks.

Recent Tesla developments