US EditionEuropean car sales rise modestly in February, Tesla reverses year-long skid
Tesla's European sales rose 29.1% in February, ending a 13-month decline amid growing consumer demand and competitive EV market expansion, ACEA data shows.
- Tesla's registrations rose 11.8% year-on-year across Europe last month, reversing a 13-month negative streak and marking the American carmaker's first monthly registration jump in the region since December 2024.
- Overall, the European car market saw a 1.7% uptick in registrations last month to 979,321 vehicles, while new EV registrations surged 15.8% to 190,683 units, providing tailwinds for Tesla's recovery.
- Despite the recovery, Tesla remains behind Chinese rival BYD, though both companies captured 1.8% of the European new car market last month, limiting Tesla's competitive advantage.
- Since CEO Elon Musk's forays into European politics, Tesla has faced persistent headwinds, though The European-spec Tesla remains its best-selling vehicle in the region.
- Gas car sales declined 17% to 224,754 units while Diesel fell 13.5% to 73,451 units, as PHEVs and electrified vehicles gain traction across the region.
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Tesla showed its first monthly sales growth in Europe in more than a year, a positive indicator for the manufacturer amid intensifying competition from China's BYD.
New car registers of the electric vehicle assembly increased almost 12% in February compared to the previous year for 17,664 units in the EU, the United Kingdom, Iceland, Liechtenstein, Norway and Switzerland
European car sales up modestly in February, Tesla rises
New car sales in Europe rose in February after falling in January, while sustained demand for electric vehicles helped Elon Musk's all-electric brand Tesla resume growth for the first time since December 2024, official data showed today.
European car sales rise modestly in February, Tesla reverses year-long skid
New car sales in Europe rose in February after falling in January, while sustained demand for electric vehicles helped Elon Musk's all-electric brand Tesla resume growth for the first time since December 2024, official data showed on Tuesday.
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