Tesla shares fell 8% on Tuesday to their lowest level in four months, wiping out $90 billion of its market value in a single day.
With the losses, the company's market value fell to $974 billion, dropping it out of the trillion-dollar club and falling to 10th place globally behind Taiwanese company TSMC.
Data from the European Automobile Manufacturers Association showed that Tesla's sales fell by about half in the European Union and the United Kingdom to 9,945 cars in January, despite increased demand for other electric vehicles.
European consumers appear to be avoiding Tesla cars due to the political involvement of its CEO, Elon Musk, and his attacks on governments in Germany and the United Kingdom.
Meantime, Tesla closed the trading with -3.96% to $290.80.
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