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.

  • Jimmycakes@lemmy.worldEnglish
    9·
    16 hours ago

    They already hedged their bets long ago. Only main Street is gonna be left holding this bag. Yall need to get real. The world is falling apart and people still think the rich are gonna do something.

      • Jimmycakes@lemmy.worldEnglish
        11·
        12 hours ago

        It means they invested a few of their spare billions into opposing technology and companies while you sit at home deciding if you are buying eggs or milk this week.

        You dropped this 🤡

          • sensiblepuffinEnglish
            1·
            8 hours ago

            Shock, you can own shares from multiple companies at once. Competitors, even.

            • merc@sh.itjust.worksEnglish
              1·
              8 hours ago

              Ah, so they no longer care about how their Tesla shares perform, because they’ve invested in multiple companies. Gotcha! You’re great at investing, I can tell.