- Unfazed by Venezuelan oil
Business 12:28pm - 5,343 views - Toys "R" Us to get a lifeline
Business 11:22am - 6,534 views - Epstein files fallout
Dubai 8:37am - 17,407 views - 'Money bouquets' instead?
Zimbabwe 6:19am - 7,732 views - Anthropic, valuable startup New York Feb 12 - 4,236 views
- Tech stocks hurt markets Business Feb 12 - 4,909 views
- Telus CEO to retire Vancouver Feb 12 - 4,827 views
- Air Transat cuts U.S. flights
Montreal Feb 12 - 7,677 views
Tesla sales fall by 49% in Europe even as the electric vehicle market grows
Tesla sales fall by 49%
European sales of Tesla electric vehicles tumbled 49% in the first two months of the year compared with a year earlier even as overall sales of EVs grew, according to the European Automobile Manufacturers' Association.
There have been complaints about an aging lineup of vehicles from Tesla and also a significant backlash against CEO Elon Musk and his affiliation with the Trump administration in the U.S. In Europe, Musk's endorsement of Germany's far-right Alternative for Germany party in last month's national election drew broad condemnation.
Tesla faces increasing competition from major automakers as they ramp up EV production, including China's BYD. On Tuesday, BYD reported a record 777.1 billion yuan ($107 billion) in revenue for 2024 as sales of its electric and hybrid vehicles jumped 40%. Earlier this month, BYD announced an ultra fast EV charging system that it says is nearly as quick as a fill up at the gas pump.
Tesla sales for January and February slumped to 19,046 from 37,311 in the same period in 2024. That comes against the background of a 28.4% increase in sales of all battery-electric cars in Europe.
German politicians and opinion media sharply criticized Musk over his support for the AfD, while Tesla vehicles and dealerships have been the target of protesters in the U.S. and Europe over the AfD endorsement and his role advising U.S. President Donald Trump in drastically reducing the size of the US federal government.
Tesla sales are falling globally, however. The company posted its first annual sales drop in more than a dozen years in January. Tesla's new Cybertruck has had multiple recalls including last week, when the company recalled nearly all of them because panels that run along the left and right side of the windshield can fly off when driving.
It was the eighth recall of the Cybertruck since deliveries to customers began just over a year ago.
More Business News
Featured Flyer
| Cantex | 0.195 | -0.01 |
| Metalex Ventures | 0.015 | 0 |
| Russel Metals | 47.12 | 0.19 |
| Decisive Dividend Corp | 7.48 | 0.16 |
| Diamcor Mining | 0.01 | 0 |
| GGX Gold Corp | 0.085 | -0.01 |
| Rev Exploration Corp | 0.74 | -0.04 |
| Bitcoin | 93991.46 | +0.27% |
| Ethereum | 2794.33 | +0.20% |
| Dash | 51.3 | +1.32% |
| Litecoin | 75.44 | +0.55% |
| Ripple | 1.923 | +0.21% |
| EOS | 0.1197 | +0.00% |
| Dogecoin | 0.1324 | +0.76% |
| Cardano | 0.3731 | +1.08% |
$300,000 of bikes stolenKelowna - 5:11 pm
Bullets shot into homeTrail - 4:07 pm
Heat to quarter-finalsSports - 4:04 pm
Looking at more bus stopsSummerland - 3:54 pm
Probe into Trump's threatsCanada/U.S. - 3:43 pm

















