New Delhi, Feb. 4 -- US-based electric vehicle maker Tesla's stock price dropped more than 5% during the intraday trading session on Wednesday, 4 February 2026, after the company's sales in the United Kingdom (UK) plunged more than 57% on a year-on-year (YoY) basis in January 2026.

Tesla stock dropped 5.1% to $400.40 during Wednesday's trading session on Wednesday, compared to $421.96 at the previous US market close, according to MarketWatch data.

According to the agency report citing data from New Automotive, Tesla sold less than half the number of cars recorded by BYD in the UK in January 2026 amid the rising competition from the Chinese rivals.

The news report mentioned that Tesla sales plunged by over 57% YoY to 647 vehicles in Jan...