US EditionTesla sales in Europe drop 49% as EV market grows
- According to ACEA, Tesla's European deliveries have significantly declined, with a 49% drop in the first two months of 2025 compared to the same period in 2024, delivering only 26,619 units versus 46,343 units.
- Despite an overall 28.4% increase in new battery-electric car sales in Europe, reaching 255,489 units and capturing 15.2% of the market share, Tesla's performance lags behind, potentially eroding its market share.
- While the shift to the new Model Y design and decreased Model 3 registrations in most European markets are factors, they may not fully account for Tesla's substantial delivery decrease.
- Analyst Edison Yu, while reiterating a buy rating for Tesla, reduced the price target to $345 from $420 and estimated first-quarter deliveries between 340,000 and 350,000, noting that some "brand damage" caused by Elon Musk's political activities could hurt demand.
- Tesla faces growing competition from major automakers like BYD, which reported a record $107 billion in revenue for 2024 and a 40% jump in electric and hybrid vehicle sales, contributing to pressure on Tesla's stock alongside weaker auto volumes and political uncertainty.
67 Articles
67 Articles
Helena Independent Record
Tesla sales in Europe drop 49% as EV market grows
European sales of Tesla electric vehicles tumbled 49% in the first two months of the year compared with a year earlier even as overall sales of EVs grew, according to the European Automobile Manufacturers' Association.
Tesla's European market disappears
Having meddled in geopolitics, it seems that Elon Musk is finding out. January and February's European vehicle registration numbers are in, and Tesla has dropped 49% year over year. Fewer new vehicles mean fewer clean energy credits to sell to other automakers. — Read the rest The post Tesla's European market disappears appeared first on Boing Boing.
Tesla Sales Plummet in Europe Amid Global Anti-Musk Propaganda Campaign
Amid a dramatic 47% drop in Tesla sales across Europe, this post delves into how political propaganda and media narratives are shaping consumer perceptions and impacting one of the world's leading electric vehicle brands.
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