World News@lemmy.worldEnglish · 11 hours ago

Tesla sales plunge 63% in EU’s second-biggest EV market

www.bnnbloomberg.ca

588

Tesla sales plunge 63% in EU’s second-biggest EV market

www.bnnbloomberg.ca

MicroWave@lemmy.world to

World News@lemmy.worldEnglish · 11 hours ago

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.

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merc
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4 hours ago
I don’t think you understand what “hedging their bets” means.
- Jimmycakes@lemmy.world
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  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 🤡
  - merc
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    25 minutes ago
    So, they’re not Tesla shareholders?

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