Tesla’s Sales (TSLA) fell 63% in France, the largest moment in the market in the European Automobile Union (VE).
In January, Tesla sold only 1,141 electric cars in France, less since August 2022, according to the French Industry Association La Platform Automobile. Tesla had an infallible performance of the general automotive industry and general sales of electric cars in the country, which decreased to 6. 2% and 0. 5% respectively.
The French government said that “Elon Musk attacks blatantly European and values. “
In general, Tesla sales in Europe decreased to 13% in 2024, Germany represent the maximum of this decrease. The general sales of Tesla in Germany fell 41% last year, while the general sales of electric cars decreased by 27% in the largest economy in Europe.
Beyond politics, Tesla has experienced difficulties in Germany due to a diversity of models that ages, the expansion of the festival and the withdrawal of government subsidies at the end of 2023. Tesla and other brands of electric cars are also taken with the strict European Union issuance criteria.
Tesla recently reported its monetary effects of the fourth quarter of 2024 and the objectives of Wall Street were lost in all grades in the middle of a fall without stopping in its sales of vehicles worldwide. Despite their deterioration in the monetary situation, TSLA’s shares have higher in 123% in the year beyond the year.
Read the analysts about the TSLA inventory