Amid weak sales, tariff worries, and CEO Elon Musk’s intensifying political role, the stock has lost a third of its market value since President Donald Trump took office. Data from the China Passenger Car Association showed that Tesla’s February wholesale number,

Tesla sold 30,688 China-made vehicles in February, a 49% plunge from a year ago. The data comes shortly after figures showed a plunge in European sales.

China-made electric vehicles fell 49.2% year-on-year in February, as intense market competition continues to disrupt the automaker’s share of China's EV market. The Texas-based carmaker sold 30,688 China-made Model 3 and Model Y vehicles in the month,