Popularity has plummeted in markets like Germany, a country still haunted by its fascist past, where Tesla's share of EV sales plummeted to just 3.7% last month versus 14% a year earlier.

Billionaire Elon Musk’s Tesla sales dropped in the three largest markets of Europe, including 59% in Germany, reported the news agency Bloomberg. Shares were trading lower ahead of the Wall Street open on Thursday.

In January, Tesla's new car registrations in Germany plunged 59.5% to 1,277, despite hosting its sole European factory. Sales also fell sharply in France (down 63%), Norway (38%), and the UK (8%) year-over-year, FT writes .