Elon Musk's European crisis deepens--initial April sales numbers prove devastating for Tesla [View all]
Europe, the world’s second largest market for electric vehicles after China, appears to be closed for business to Elon Musk’s Tesla.
The beleaguered CEO may regret returning to the automaker’s headquarters in Austin this month, as the first batch of national markets published car sales figures that show the brand remains in freefall on the continent.
Whether it’s France or Sweden, the Netherlands or Switzerland, registrations of new Tesla vehicles—which lag retail sales slightly—continued to plummet at high double-digit rates. Now their sales numbers are dwindling so much they risk becoming meaningless compared to the United States or China.
Tesla investors have been hoping its historically weak first quarter was an anomaly due to a changeover from the older version of the Model Y on sale in Europe since late 2021 to the newer one complete with some fresher styling to the front and rear.
https://www.msn.com/en-us/money/companies/elon-musk-s-european-crisis-deepens-initial-april-sales-numbers-prove-devastating-for-tesla/ar-AA1E5xcw
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