Tesla has acquired a portion of the assets of Manz, a German automotive parts supplier.

Tesla recently acquired part of the assets of bankrupt German auto parts supplier Manz, including its factory, equipment, and over 300 employees in Reutlingen, Germany, as the company's European sales have fallen sharply.

Tesla's European sales in January were only 9,900 vehicles, down more than 45% year-on-year. The sales in France fell 63%, the registration in Norway decreased 38%, and the registration in Britain and Germany also dropped 8% and 59.5% respectively.

The sales decline was mainly due to the controversy caused by Musk's public support for the far-right German party "Alternative for Germany" (AfD), which may have a negative impact on the brand image.

Many consumers chose to postpone their purchases as the new Model Y will be released in the first half of 2025.

The sales in January this year fell significantly compared with the same period last year, as the Model 3 was launched in January 2020, leading to a surge in sales.