Tesla sales are collapsing across Europe.
Experts believe that the decline in sales is a consequence of the negative reaction of consumers to Elon Musk’s intervention in European politics.
In many key European markets, sales of Tesla electric cars have fallen sharply against the backdrop of the negative reaction of consumers to Elon Musk’s intervention in regional politics. This is reported by the Financial Times.
Thus, the world’s largest electric car manufacturer registered only 1,277 new cars in Germany in January, which is 59% less than in the same month in 2023. The country is home to Tesla’s only factory in Europe.
Last year, sales of electric cars in Germany and France slowed sharply after the reduction of state subsidies, but recently demand has begun to recover.
It is noted that the decline in Tesla sales occurred against the background that the German electric car market in January grew by more than 50% year-on-year, as a result of which its market share decreased from 14 to 4%.
Recall that in France, Tesla sales fell by 63% in January, and the number of Tesla car registrations in Norway decreased by 38%. In the UK, the number of registrations decreased by 8% compared to 2023.
According to automotive analyst Matthias Schmidt, one of the factors behind the decline in Tesla sales in Germany may be that consumers are waiting for the updated Model Y, the release of which is scheduled for the first half of 2025. Other experts see the decline in sales as a consequence of the negative reaction of consumers to Elon Musk’s intervention in European politics.
