Economics

726 readers

20 users here now

founded 2 years ago

Tesla’s Europe sales drop nearly 45% amid row over Musk’s Trump links (www.theguardian.com)

submitted 3 weeks ago* (last edited 3 weeks ago) by [email protected] to c/[email protected]

1 comments fedilink hide all child comments

Summary

Tesla's European sales fell nearly 45% in February amid backlash over Elon Musk's political ties to Donald Trump and controversial actions, including support for Germany's far-right AfD party.

The company sold fewer than 16,000 cars, dropping its market share to 9.6%, the lowest February figure in five years.

Meanwhile, Chinese rival BYD reported global revenue of $100 billion, surpassing Tesla. Volkswagen and BMW also saw significant EV sales growth.

Analysts attribute Tesla’s decline to both political controversy and a Model Y update.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 1 points 3 weeks ago

Couldn't happen to a nicer guy.