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
    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.