European sales of Tesla electric vehicles tumbled 49% in the first two months of the year compared with a year earlier even as overall sales of EVs grew, according to the European Automobile Manufacturers' Association.

The electric vehicle sales numbers for Europe in February are in, and it's not looking good for Elon Musk's Tesla. According to the European Automobile Manufacturers’ Association (ACEA), battery electric vehicles (BEV) are selling well in Europe,

The EV maker’s shares rose 11.9% on Monday, the best one-day gain since the near-15% rise on Nov. 6. This came after a 5.3% rise on Friday.