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insideevs.com

Summary

Tesla’s sales in Europe collapsed in April, plunging over 50% in several countries despite an overall 23.9% rise in EU EV sales.

Sweden saw an 81% drop, the Netherlands 73.8%, and France 59%.

The refreshed Model Y failed to revive interest as buyers turned to alternatives, citing CEO Elon Musk’s controversies or superior competitors.

Tesla’s Q1 EU market share fell from 2.4% to 1.3%. Including the UK and EFTA, sales dropped 37.3%. Globally, 2024 was Tesla’s worst delivery year in two years, raising doubts about a near-term recovery.

  • Hossenfeffer@feddit.ukEnglish
    2·
    7 hours ago

    Eleven states require automakers sell a certain percentage of zero-emissions vehicles by 2025. If they can’t, the automakers have to buy regulatory credits from another automaker that meets those requirements – such as Tesla, which exclusively sells electric cars…The $1.6 billion in regulatory credits it received last year far outweighed Tesla’s net income of $721 million – meaning Tesla would have otherwise posted a net loss in 2020. - source = CNN