Tesla sales plunge 63% in EU’s second-biggest EV market
Tesla sales plunge 63% in EU’s second-biggest EV market
Tesla Inc. registrations plummeted 63% last month in France, the European Union’s second-biggest market for battery-electric vehicles.
Summary
Tesla’s registrations in France dropped 63% in January, their lowest since August 2022, far outpacing the broader total EV sales' 0.5% decline.
Tesla registrations across EU countries fell 13% last year, with Germany accounting for much of the decline.
Sales in Germany, Tesla’s biggest European market, also fell 41% last year due to an aging lineup, competition, and subsidy cuts.
CEO Elon Musk’s political involvement, including support for Germany’s far-right party, may be affecting demand.
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Looks like Elon Twittered Tesla.
Or he Xed it out.
He did not see that coming
He let that sink in.
Hop damn