Elon Musk mischaracterized the state of Europe’s auto market this year when he said Tesla Inc. is seeing sales decline along with every other carmaker.Contrary to his assertion, five manufacturers that registered more new vehicles than Tesla did in the last four months posted sales increases.

In an interview with Bloomberg at the Qatar Economic Forum, Musk said the stock market is aware of the company's positive direction. "It has already turned around. Europe is our weakest market, but we're strong everywhere else.