Tesla (NASDAQ: TSLA) stock is moving lower following new European sales tracking data. The electric vehicle (EV) company's share price was down 2.5% as of 2 p.m. ET. Meanwhile, the S&P 500 was down 0.

CompanyOverview|NASDAQ:TSLA] Shares of Tesla Inc. (NASDAQ: TSLA) closed just under $290 before the weekend, marking a stunning 30% rebound from their pre-earnings low earlier this month. The stock is still down from its December all-time highs,

Valued at a market cap of over $900 billion, Tesla (TSLA) is a giant who has historically dominated the electric vehicle market. Despite its scale, however, the stock is down more than 30% in the year to date and is more than 40% off its all-time high.