Tesla sales plunge for fifth month in Europe despite Musk's promise of a 'major rebound'

Tesla sales in Europe plunged for a fifth month in a row in May, a blow to investors who had hoped anger toward Elon Musk would have faded by now. The European Automobile Manufacturers’ Association said the drop of 28% last month in 30 European countries came even as the overall market for electric vehicles expanded sharply. The poor showing comes after Tesla's billionaire CEO promised a “major rebound” was coming soon. Musk had angered Europeans by embracing far right-wing politicians in elections there. Investors dumped Tesla shares Wednesday, pushing the prices down 4% in early afternoon trading.