Tesla electric car sales plummet across Europe.
Tesla electric vehicle sales have sharply declined in many key European markets due to consumer backlash against Elon Musk's interference in the region's politics.
According to the Financial Times, 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 of 2023. The only Tesla factory in Europe is located in the country.
Last year, electric vehicle sales in Germany and France fell sharply after government subsidies were reduced, but recently demand has begun to recover.
The decline in Tesla sales occurred amid a surge in the German electric vehicle market, which grew by more than 50% in January compared to the previous year, leading to a reduction in Tesla's market share from 14% to 4%.
In France, Tesla sales dropped by 63% in January, while the number of Tesla vehicle registrations in Norway decreased by 38%. In the UK, the number of registrations fell by 8% compared to 2023.
Automotive analyst Matthias Schmidt believes that one factor behind declining Tesla sales in Germany could be that consumers are waiting for the updated Model Y, which is expected to be released in the first half of 2025.
It is also noted that other experts believe that the negative reaction to Musk's political activities has also contributed to the decline in sales.
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