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New York Times
30 minutes ago
- New York Times
Germans Are Buying More Electric Cars, but Not Teslas
Tesla sales in Germany dropped in May for the fifth month in a row, as demand for the electric vehicle maker continued to slide across much of Europe, despite Elon Musk's efforts to turn his focus away from his U.S. government activities and back to his companies. Registrations of new Tesla cars in Germany, Europe's largest car market, dropped more than a third compared with the same month last year, data released from the country's Federal Motor Transport Authority, K.B.A., showed on Tuesday. Tesla sales in other European countries have also remained depressed, falling more than 67 percent in France and 29 percent in Spain in May. Only Norway stood out as an exception, with Tesla selling 2,600 cars in May, more than triple the number sold in the same month last year. Sales were led by deliveries of Tesla's newly revamped version of its most popular vehicle, the Model Y. In neighboring Sweden, Volkswagen sold nearly twice as many of its latest electric model, the ID.7, as the new Model Y from Tesla, whose overall sales in the country dropped 53 percent. Mr. Musk has tried to downplay the extent of Tesla's losses in Europe, telling Bloomberg News in an interview at the Qatar Economic Forum that although it was the region where the brand faces its greatest challenges, 'The European car market is quite weak.' But data from European markets does not support that claim. In Germany, sales of battery-powered cars grew nearly 45 percent in May, compared with the year prior. In Spain, overall sales of electric cars grew 72 percent, while Tesla sales slid 19 percent. In Germany, demand for BYD, Tesla's main E.V. rival, rose ninefold, the strongest showing of an electric vehicle producer from China. The company, which overtook Tesla as the world's top seller of electric cars earlier this year, has been making inroads in Europe, despite facing tariffs of 17 percent imposed by the European Union in 2024. Although Mr. Musk has left his role at the White House, Tesla sales have been affected by his foray into politics. In April, the company reported that its vehicle sales fell 13 percent in the first quarter from a year earlier, as profit plunged to its lowest level in four years. The company has been hurt by protests against Mr. Musk's support for President Trump and several far-right parties in France, Germany and Italy.
News24
an hour ago
- News24
‘The end of our industry': Meshack Mavuso slams influencer casting in SA entertainment
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Epoch Times
an hour ago
- Epoch Times
Ukrainian Attack on Russian Strategic Bombers Raises Level of Risk: US Envoy
A massive Ukrainian drone attack on military airbases inside Russia has caused increased risk, Keith Kellogg, U.S. President Donald Trump's envoy for Ukraine, has said. 'I'm telling you, the risk levels are going way up,' Kellogg told Fox News on June 3. 'I mean, what happened this weekend.'
