Tesla’s sales in Europe have plunged by 40pc as the electric carmaker battles a backlash from buyers against Elon Musk’s support for Donald Trump.

The Trump transition team wants the incoming administration to drop a car-crash reporting requirement opposed by Elon Musk’s Tesla , according to a document seen by Reuters, a move that could cripple the government’s ability to investigate and regulate the safety of vehicles with automated-driving systems.

Tesla finds the rules unfair because it believes it reports better data than other automakers, which makes it look like Tesla is responsible for an outsized number of crashes involving advanced driver-assistance systems, one of the sources said.

Democrats have been calling the world's richest man "President Musk," referencing the influence he allegedly has over the president-elect.

Tesla is deeply reliant on China, both for manufacturing and sales. But now that its CEO has an official role in the Trump administration, things could get tricky.

One company that should be at the top, or at least near the top, of any investor list of most-watched stocks has to be Tesla (NASDAQ:TSLA). The U.S. EV maker continues to be one of the most volatile mega-cap names in the market,

Non Disclosure President-elect Donald Trump doesn't want his newfound son and Tesla CEO Elon Musk to be caught up in pesky regulations and government scrutiny. According to documents obtained by Reuters,

Tesla, Inc.'s stock has surged recently after solid Q3 results and Donald Trump's re-election. Click here to read an analysis of TSLA stock now.

Experts are split on whether that overlap in public opinion is a good or bad thing for Musk’s businesses or for Trump’s politics.

Elon Musk is the founder of Tesla Motors and SpaceX among other companies. Read about his net worth, children, ex-wives, age, home country, and more.

Monday trading, as investors continued to buy into the idea that the electric-vehicle giant will be a big beneficiary of a Trump presidency. The prolific analyst Dan Ives of Wedbush boosted his stock price target for the next year by 29%,