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Tesla falls 8%, falls below $1 trillion market cap, on plunging European car sales
- Shares of Tesla fell nearly 8% on news of plunging European car sales.
- Tesla's European car sales were down 45% in January compared to the same period last year.
- Overall, new electric car sales in Europe increased by 37.3% in January, but Tesla's market share dropped from 1.8% to 1%.
- The decline in Tesla stock caused its market cap to fall below $1 trillion.
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