Tesla EU Sales Crash After CEO Tells Investors to Expect Better

Bloomburg jumps right to the point with a new article today called “Tesla’s Sales in Europe Fall to a 15-Month Low”

The carmaker registered just 13,951 vehicles in April, the European Automobile Manufacturers’ Association said Wednesday, down 2.3% from a year ago and its worst tally since January 2023. Tesla’s result was an exception in an otherwise encouraging month for battery-electric vehicle sales, which rose 14% industrywide.

…Musk told investors on April 23 that the company expected to bounce back from several issues that affected production in the first quarter, including Red Sea shipping disruptions and the suspected arson of power lines near its German sport utility vehicle plant.

“We think Q2 will be a lot better,” Musk said during Tesla’s first-quarter earnings call.

…in Germany — Europe’s biggest car market — Tesla underperformed peers last month. Overall EV registrations were broadly flat, whereas Tesla’s sales plunged 32%.

In the UK, Tesla registrations fell 25% in April and have slumped 14% in the first four months of the year.

Q2 is looking a lot worse. BEV sales are up, Tesla is way down. What’s the excuse now?

Axios reports that only VW ranks lower than Tesla in reputation.

Leave a Reply

Your email address will not be published.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

This site uses Akismet to reduce spam. Learn how your comment data is processed.