Tesla, Europe and electric vehicle sales
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The Associated Press - Business News |
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 Manufactu...
Mercury News |
Consumers will be losers because they will have reduced choice and higher prices.
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Germany has not shut down electric carmaker Tesla's operations in the country, according to spokespersons for the federal government and Germany’s largest labour union, who spoke to Reuters to counter a false claim online.
Tesla sales tumbled by 42% in Europe in January and February despite overall EV sales on the continent rising almost 30%.
Tesla's market share in Europe continued to shrink year-on-year in February, data showed on Tuesday, as sales of the all-electric car maker dropped for a second month despite rising EV registrations overall on the continent.
The company’s sales in January and February are down nearly 43 percent year over year, according to new registration data from the EU. Meanwhile, overall electric vehicle registrations are up 28 percent across the continent,
The 25% import tariffs on foreign cars will increase prices for vehicles coming from Germany, Japan and South Korea, as well as for foreign-made parts assembled in the U.S.
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Since the beginning of the year, Tesla sales have plummeted in Europe amid the backlash against the company’s CEO, Elon Musk.
On Monday, data from research platform JATO Dynamics revealed that Tesla's sales in Europe fell in February, trailing behind the two legacy brands.
Tesla is undergoing a "brand tornado crisis moment," Wedbush's Dan Ives said. Signs are pointing to a tough Q1 delivery report next week.