Electric vehicle (EV) adoption in Europe is increasing. One would expect that Tesla would be one of the biggest winners of such news. But the company’s sales are falling across most of its key markets.
One of several ways in which Tesla generates revenue is by selling emissions, or carbon credits, to other manufacturers. Tesla gets credit from a governing body (the EU, in this case) for every electric car it sells.
It appears that Tesla sales are slumping in the U.S., too. According to the California New Car Dealers Association, Tesla registered fewer cars in the state in all four quarters of 2024. California is the largest EV market in the U.S. Tesla sales fell by 8 percent in the fourth quarter and 12 percent for the whole year.
The European Commission has decided to give automakers breathing room in achieving its zero-emission target, which is going to enable them to buy fewer emission credits from Tesla and other all ...
Shares in electric car maker Tesla have slumped more than 9% after EU and UK sales fell by almost half in January. The drop in Tesla shares took the company's valuation back below $1trn for the first time since November 2024. Tesla has been facing stiff competition in the European market from Chinese and other manufacturers.
Of course, Li isn’t talking about teaming up with Tesla to co-develop a new vehicle. Instead, she believes that major EV manufacturers can work together to drive the industry forward as a whole.
Sales of Tesla vehicles tumbled 45% in Europe last month, even as the overall EV market picked up in the region. The stock closed 8% lower on Tuesday.
Tesla dealerships across the continent and the U.S. have been the object of protests and vandalism; consumers are also expressing their displeasure with their pocket books. The company's sales in Europe declined 50 percent in January year-over-year, data from car lobby ACEA shows.
Tesla, Inc.'s stock may be oversold, its growth potential, and risks like trade tensions and sentiment shifts. Click here to find out why TSLA stock is a Buy.
Elon Musk-led EV giant Tesla’s sales in the European Union (EU) is plummeting. The Cybertruck maker’s shares dipped below $1 trillion amid a sales slump in Europe.
For the past two months, tech billionaire Elon Musk has promoted Germany’s far-right party in at least two dozen posts on his X platform, interviewed its leader, and told his 219 million followers it was the country’s “only hope.