Teslas (TSLA) January sales plunged 63% in France, the second biggest market in the European Union for electric vehicles (EVs).Maximize Your Portfolio with Data Driven Insights:Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions. Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart PortfolioDuring January, Tesla sold only 1,141 electric vehicles within France, the fewest since August 2022, according to French industry association La Plateforme Automobile. Tesla badly underperformed the overall automotive industry and total electric vehicle sales in the country during the month, which declined 6.2% and 0.5%, respectively.The sales decline comes as Tesla Chief Executive Officer (CEO) Elon Musk has thrown his support behind the far-right Alternative for Germany political party. Musk has also been accused on social media of giving a Nazi salute during an event celebrating U.S. President Donald Trumps inauguration on Jan. 20.The French government has said that Elon Musk is openly attacking European regulations and values.Sales Down Across EuropeOverall, Teslas sales across Europe declined 13% in 2024, with Germany accounting for most of that decrease. Teslas total sales in Germany fell 41% last year, while overall electric vehicle sales declined 27% in Europes largest economy.Beyond politics, Tesla has struggled in Germany due to an aging model lineup, increasing competition, and the withdrawal of government subsidies in late 2023. Tesla, and other electric vehicle makers, are also grappling with the European Unions increasingly stringent emissions standards.Tesla recently reported its fourth-quarter 2024 financial results and missed Wall Streets targets across the board amid an ongoing decline in its vehicle sales worldwide. Despite its deteriorating financial position, TSLA stock has risen 123% over the past year.Is TSLA Stock a Buy?Tesla stock currently has a consensus Hold rating among 33 Wall Street analysts. That rating is based on 12 Buy, 12 Hold, and nine Sell recommendations made in the last three months. Theaverage TSLA price targetof $336.71 implies 10.85% downside risk from current levels.Read more analyst ratings on TSLA stock