Saturday, September 6, 2025
  • Login
Forbes 40under40
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
Forbes 40under40
No Result
View All Result
Home Real Estate

Tesla sales fall 45% in Europe as rivals’ EV registrations soar

by Stephanie Irvin
in Real Estate
Tesla sales fall 45% in Europe as rivals’ EV registrations soar
Share on FacebookShare on Twitter


TESLA’s sales plunged 45 per cent last month across Europe, where rival carmakers saw a surge in electric vehicle (EV) demand.

The Elon Musk-led company registered only 9,945 cars in January, down from 18,161 a year ago, according to the European Automobile Manufacturers’ Association. EV sales soared 37 per cent for the overall industry, with carmakers posting big gains in Germany and the UK.

Tesla is changing over production lines for by far its most popular vehicle, the Model Y SUV, and contending with its chief executive officer becoming an increasingly polarising figure in global politics. After emerging as a leading donor to Donald Trump during last year’s US election cycle, Musk set his sights on Europe, backing far-right parties and attacking incumbents.

In addition to barraging leaders in Germany and the UK, Musk has joined Trump in disparaging Ukraine’s Volodymyr Zelensky and disputing polls that have found the president maintains the support of the country’s people. In response to Trump’s criticisms, Zelensky said last week the US president had fallen victim to Russian “disinformation”.

Tesla registered only 1,277 new cars last month in Germany, its lowest monthly total since July 2021. Sales in France plummeted 63 per cent in its worst showing there since August 2022.

The company also registered fewer vehicles than China’s BYD for the first time ever in the UK. Tesla’s sales slumped almost 8 per cent in an EV market that grew 42 per cent last month.

BT in your inbox

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

YouGov conducted polls in Germany and the UK in mid-January that found Musk was viewed unfavourably and that his meddling in the countries’ politics was unwelcome. The Tesla CEO hosted a live discussion with Alternative for Germany party leader Alice Weidel on his social media site X on Jan 9 in an attempt to boost the anti-immigration, pro-Russian party that finished second in this week’s election.

During a virtual appearance at an AfD rally later in January, Musk urged Germans to be proud of their culture and discouraged “too much focus on past guilt”. The comments touched a nerve just before the 80th anniversary of the liberation of the Auschwitz death camp.

Musk also called for the imprisonment of UK Prime Minister Keir Starmer last month while advocating for the release of jailed far-right activists.

Tesla likely was dealing with shortages of inventory in some markets due to the all-out push the company made to boost sales late last year. Changing over assembly lines for the Model Y also may have had an effect on its January registrations.

Chief financial officer Vaibhav Taneja warned during last month’s quarterly earnings call that the transition to a new design for the model first introduced in 2020 would cost the manufacturer several weeks of lost production. The company builds the Model Y at four plants globally, including at its factory outside Berlin.

The competition – led in Europe by Volkswagen, Stellantis and Renault – also is under greater regulatory pressure to sell more EVs in 2025. Manufacturers must meet stricter CO2 emissions targets in the European Union this year, while a steadily rising share of their sales need to be zero-emission in the UK to 2035. BLOOMBERG

Tags: EuropeFallRegistrationsRivalsSalesSoarTesla
Stephanie Irvin

Stephanie Irvin

Next Post
IFUNDYOU: Leading the Charge in Transformative Business Funding Solutions in the US

IFUNDYOU: Leading the Charge in Transformative Business Funding Solutions in the US

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Forbes 40under40 stands as a distinguished platform revered for its commitment to honoring and applauding the remarkable achievements of exceptional individuals who have yet to reach the age of 40. This esteemed initiative serves as a beacon of inspiration, spotlighting trailblazers across various industries and domains, showcasing their innovation, leadership, and impact on a global scale.

 
 
 
 

NEWS

  • Forbes Magazine
  • Technology
  • Innovation
  • Money
  • Leadership
  • Real Estate
  • Lifestyle
Instagram Facebook Youtube

© 2025 Forbes 40under40. All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle

© 2024 Forbes 40under40. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In