Tesla Sales Plunge 63% in EU’s Second-Biggest EV Market
www.bnnbloomberg.ca
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.

  • @grueEnglish
    11•4 hours ago

    My guess is that, with Musk basically in charge of the government now, investors are expecting huge returns from corruption.

    • @[email protected]English
      7•4 hours ago

      Yeah, the guy who apparently now controls the strings of the government could just click a button to have the government order 1 million Teslas.

      Other than investing in the hopes of seeing returns from corruption, it doesn’t really make any sense.