The China Mail - Tesla sales sink by nearly half in Europe

USD -
AED 3.672504
AFN 66.242312
ALL 83.179218
AMD 382.091093
ANG 1.790055
AOA 917.000367
ARS 1397.162531
AUD 1.534449
AWG 1.80375
AZN 1.70397
BAM 1.682336
BBD 2.013075
BDT 122.136682
BGN 1.682336
BHD 0.375296
BIF 2949.980646
BMD 1
BND 1.301363
BOB 6.90637
BRL 5.297104
BSD 0.999441
BTN 88.628446
BWP 14.229065
BYN 3.409316
BYR 19600
BZD 2.01015
CAD 1.40305
CDF 2174.000362
CHF 0.794757
CLF 0.023592
CLP 930.299772
CNY 7.09955
CNH 7.10029
COP 3744.269064
CRC 500.9677
CUC 1
CUP 26.5
CVE 94.847533
CZK 20.805104
DJF 177.979442
DKK 6.425804
DOP 64.375726
DZD 129.671842
EGP 46.987226
ERN 15
ETB 154.855963
EUR 0.86005
FJD 2.27535
FKP 0.760064
GBP 0.759878
GEL 2.703861
GGP 0.760064
GHS 10.944045
GIP 0.760064
GMD 72.503851
GNF 8675.755881
GTQ 7.660746
GYD 209.074878
HKD 7.77445
HNL 26.293923
HRK 6.482904
HTG 130.936304
HUF 330.790388
IDR 16712
ILS 3.227704
IMP 0.760064
INR 88.689504
IQD 1309.363038
IRR 42100.000352
ISK 126.820386
JEP 0.760064
JMD 160.526429
JOD 0.70904
JPY 154.56504
KES 129.284762
KGS 87.450384
KHR 4009.289923
KMF 424.00035
KPW 899.988423
KRW 1448.530383
KWD 0.30669
KYD 0.83291
KZT 523.900047
LAK 21688.529526
LBP 89503.763279
LKR 306.567459
LRD 181.40295
LSL 17.141542
LTL 2.95274
LVL 0.60489
LYD 5.452669
MAD 9.241323
MDL 16.871532
MGA 4468.625005
MKD 52.922455
MMK 2099.610882
MNT 3572.735976
MOP 8.00215
MRU 39.576792
MUR 45.650378
MVR 15.403739
MWK 1733.086749
MXN 18.318804
MYR 4.132504
MZN 63.950377
NAD 17.141542
NGN 1440.780377
NIO 36.781214
NOK 10.088804
NPR 141.805514
NZD 1.760254
OMR 0.382771
PAB 0.999441
PEN 3.370436
PGK 4.226055
PHP 59.015038
PKR 282.529182
PLN 3.638123
PYG 7042.277751
QAR 3.643198
RON 4.374304
RSD 100.795665
RUB 80.491936
RWF 1452.75472
SAR 3.749973
SBD 8.244163
SCR 14.010372
SDG 601.503676
SEK 9.449304
SGD 1.297504
SHP 0.750259
SLE 23.403667
SLL 20969.498139
SOS 570.212034
SRD 38.589504
STD 20697.981008
STN 21.074362
SVC 8.74543
SYP 11056.884007
SZL 17.134747
THB 32.405038
TJS 9.225238
TMT 3.51
TND 2.938884
TOP 2.40776
TRY 42.170504
TTD 6.777343
TWD 30.569504
TZS 2448.754892
UAH 42.002581
UGX 3568.01858
UYU 39.766032
UZS 12033.030837
VES 236.162804
VND 26350
VUV 121.871382
WST 2.813729
XAF 564.239818
XAG 0.01978
XAU 0.000245
XCD 2.70255
XCG 1.801299
XDR 0.701733
XOF 564.239818
XPF 102.584835
YER 238.525037
ZAR 17.08336
ZMK 9001.203584
ZMW 22.46355
ZWL 321.999592
  • CMSD

    0.1472

    23.99

    +0.61%

  • JRI

    0.0135

    13.65

    +0.1%

  • BCC

    -0.1400

    69.04

    -0.2%

  • SCS

    0.0800

    15.7

    +0.51%

  • NGG

    -0.7100

    77.38

    -0.92%

  • RBGPF

    0.0000

    75.65

    0%

  • AZN

    0.4900

    89.1

    +0.55%

  • GSK

    -0.5429

    47.18

    -1.15%

  • CMSC

    -0.0100

    23.82

    -0.04%

  • BCE

    -0.2800

    22.83

    -1.23%

  • VOD

    -0.0900

    12.32

    -0.73%

  • RIO

    -0.4100

    70.63

    -0.58%

  • BTI

    -0.3500

    54.13

    -0.65%

  • RELX

    -0.0900

    41.33

    -0.22%

  • RYCEF

    -0.3600

    14.55

    -2.47%

  • BP

    0.5392

    36.53

    +1.48%

Tesla sales sink by nearly half in Europe
Tesla sales sink by nearly half in Europe / Photo: © AFP/File

Tesla sales sink by nearly half in Europe

Tesla sales plunged in the European Union in the first two months of the year, auto industry figures showed Tuesday, as Elon Musk's politics and ageing models may be turning consumers away.

Text size:

New Tesla registrations sank 49 percent to 19,046 in January and February compared with the same two-month period last year, according to the European Automobile Manufacturers' Association, known as ACEA.

The drop came despite a 28.4-percent increase in overall electric car sales in the EU over the same two-month span to 255,489 units, for an EU market share of 15.2 percent.

Tesla's older models are facing growing competition from newer Chinese and European cars.

But the brand's image has also taken a hit in Europe as Musk has backed a far-right party in Germany and has played a major role in President Donald Trump's administration, whose ties with the EU have been tense.

Several Tesla dealerships around the United States have been vandalised in recent weeks and the company's stock price has plummeted over the past month.

There have also been several incidents targeting Teslas in Germany -- Europe's biggest auto market -- in recent months, with at least eight cars set ablaze since the start of the year.

"A lot of people disagree with (Musk's) views," Matthieu Noel, an analyst at global consultancy Roland Berger, told AFP.

But, he added, it is still difficult to say at this stage whether "this has a real impact on the brand or if it is temporary".

- German struggles -

Musk sparked anger in Germany after he vocally supported the far-right Alternative for Germany (AfD) party in the recent general election.

Tesla sales fell by 76 percent in Germany in February after dropping by almost 60 percent in the previous month, according to official figures.

While electric car sales in Germany have suffered over the past year after the government withdrew a subsidy programme, the recent Tesla slump contrasted with a recovery in the broader sector.

Musk's car company is a pioneer in the electric car business, but Noel said Tesla's ageing offerings could also explain the falling sales in Europe.

"It no longer offers the best products," Noel said.

While its best-selling Model 3 and Model Y have been upgraded, it still "looks like it's the same vehicle", the analyst said.

Concerns about reliability and a massive recall of Cybertrucks, which are not even sold in Europe, could also have played a part in turning off European consumers, Noel added.

Tesla's market share reached just 1.1 percent in the first two months of 2025, according to the ACEA trade group.

In February alone, Tesla registrations were down 47 percent at 11,743.

Though its market share slightly improved last month to 1.4 percent, it was behind Chinese rival SAIC, which makes electric and hybrid cars under the brand name MG.

- Petrol vs electric -

The electric car market grew in Germany, Belgium and the Netherlands, and has started to take off in Spain and Italy, according to the ACEA.

Despite the progress, ACEA director general Sigrid de Vries said the latest figures "confirm that market demand for battery electric vehicles remains below the level needed for the transition to zero-emission mobility to progress."

She cited a need for tax and purchasing incentives for clients and investments in recharging stations, at a time when the EU is preparing to ease emission reduction targets for struggling European automakers.

Overall new car registrations fell three percent in the EU in January and February to 1.7 million units, according to the ACEA.

Hybrid-electric vehicles continued to be the biggest market segment, reaching 594,059 registrations for a 35.2 percent market share compared to 29.1 percent for petrol cars.

Y.Parker--ThChM