They might see a rebound from last year which was a bad year for them but that's likely driven by some pretty aggressive price cuts.

China is actually nearly 3x bigger market for them than Europe and we have clearer numbers on how that's going:

  2019:  45,372
  2020: 137,459
  2021: 320,743
  2022: 439,770
  2023: 603,664
  2024: 657,102
  2025: 625,698

Problem is, AfD voters also don't want to drive Teslas (not because they disagree with Elon's politics, but because "only hippies drive EVs, patriots drive real cars".)

Musk’s problem is that the intersection of “votes AfD” and “willing and able to buy premium electric vehicle” is relatively small