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Time of India
6 days ago
- Automotive
- Time of India
New Tesla sales in Spain, Portugal fall in May, while other EV sales soar
HighlightsNew Tesla car sales in Portugal dropped by 36% in the first five months of 2025, according to the country's automobile industry association, the Automóvel de Portugal (ACAP). In Spain, Tesla experienced a 29% year-on-year decline in sales for May 2025, while overall sales of electric vehicles, including hybrids, surged by 72%, as reported by the Spanish Association of Automobile and Truck Manufacturers (ANFAC). The decline in Tesla sales across Europe is attributed to factors including limited model availability, increased competition from European and Chinese brands, and the controversial political positions of CEO Elon Musk, which have alienated some potential buyers. Tesla's new car sales in Spain and Portugal fell in May from the same month in 2024, registration data released by industry groups in both countries showed on Monday, while sales of electric cars from other brands soared. The U.S. EV maker sold 794 cars in Spain and 292 cars in Portugal in May, year-on-year drops of 29% and 68%, respectively. Over the first five months of 2025, sales of Tesla cars in Spain fell 19% from the same period of 2024. Total sales of electrified vehicles, a category that includes both fully electric vehicles and hybrids, were up 72%, ANFAC said. New Tesla sales in the first five months of the year fell 36% in Portugal, the country's automobile industry association ACAP said. Sales of Tesla cars have continued to fall in Europe as CEO Elon Musk's embrace of far-right parties puts off buyers, adding to pressure from a limited range of models and increased competition from European and Chinese brands. Musk left U.S. President Donald Trump's administration last week. He has said he will resume working '24/7' at his companies. In Spain, sales of Chinese automakers BYD, MG and Omoda were up 745%, 87% and 213%, respectively, so far this year, ANFAC's report showed.
Time of India
7 days ago
- Automotive
- Time of India
New Tesla sales in Spain, Portugal fall in May, while other EV sales soar
Tesla's new car sales in Spain and Portugal fell in May from the same month in 2024, registration data released by industry groups in both countries showed on Monday, while sales of electric cars from other brands soared. The U.S. EV maker sold 794 cars in Spain and 292 cars in Portugal in May, year-on-year drops of 29% and 68%, respectively. Over the first five months of 2025, sales of Tesla cars in Spain fell 19% from the same period of 2024. Total sales of electrified vehicles, a category that includes both fully electric vehicles and hybrids, were up 72%, ANFAC said. New Tesla sales in the first five months of the year fell 36% in Portugal, the country's automobile industry association ACAP said. Sales of Tesla cars have continued to fall in Europe as CEO Elon Musk's embrace of far-right parties puts off buyers, adding to pressure from a limited range of models and increased competition from European and Chinese brands. Musk left U.S. President Donald Trump's administration last week. He has said he will resume working '24/7' at his companies. In Spain, sales of Chinese automakers BYD, MG and Omoda were up 745%, 87% and 213%, respectively, so far this year, ANFAC's report showed.
Yahoo
02-06-2025
- Automotive
- Yahoo
New Tesla sales in Spain, Portugal fall in May, while other EV sales soar
MADRID (Reuters) -Tesla's new car sales in Spain and Portugal fell in May from the same month in 2024, registration data released by industry groups in both countries showed on Monday, while sales of electric cars from other brands soared. The U.S. EV maker sold 794 cars in Spain and 292 cars in Portugal in May, year-on-year drops of 29% and 68%, respectively. Over the first five months of 2025, sales of Tesla cars in Spain fell 19% from the same period of 2024. Total sales of electrified vehicles, a category that includes both fully electric vehicles and hybrids, were up 72%, ANFAC said. New Tesla sales in the first five months of the year fell 36% in Portugal, the country's automobile industry association ACAP said. Sales of Tesla cars have continued to fall in Europe as CEO Elon Musk's embrace of far-right parties puts off buyers, adding to pressure from a limited range of models and increased competition from European and Chinese brands. Musk left U.S. President Donald Trump's administration last week. He has said he will resume working '24/7' at his companies. In Spain, sales of Chinese automakers BYD, MG and Omoda were up 745%, 87% and 213%, respectively, so far this year, ANFAC's report showed. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Fast Company
06-05-2025
- Automotive
- Fast Company
Tesla's latest European sales numbers continue to plummet to multiyear low, as Chinese EVs soar
New Tesla car sales plunged across Europe in April even as sales of other electric vehicle brands soared, in part due to backlash against CEO Elon Musk's support for Europe's far-right politics, as well as growing competition from both European and Chinese EV carmakers, according to Reuters. Last month, Tesla's new car sales in the U.K. and Germany tanked to their lowest in over two years, falling 62% and 46% year on year, respectively, even as demand in both countries rose for EVs. And in Spain, there was more bad news for Tesla, with new sales falling 36% in April 2025 compared with the the same month a year earlier, according to data from ANFAC, the Spanish Association of Automobile and Truck Manufacturers, as reported by Reuters. Shares of Tesla stock (NYSE: TSLA), which have been a roller-coaster ride since the beginning of the year, were down about 3% in midday trading on Tuesday at the time of this writing. Tesla's billionaire CEO Elon Musk's politics, both at home and abroad, have cost him dearly. Americans have continued to boycott Tesla and protest Musk, angered by his role in the Trump administration and his so-called Department of Government Efficiency (DOGE), which has ordered widespread layoffs of government workers and slashed federal budgets, wreaking havoc on the government's ability to function both efficiently and effectively. In Europe, where Musk has shown support for far-right politics, just as in the United States, Europeans have been protesting and boycotting the EV carmaker, in addition to vandalizing Tesla showrooms and charging stations. Musk has pledged to cut back on his government meddling, but for now it seems the damage to his reputation and company is already done. A look at the numbers shows that despite Tesla still being one of the largest electric car manufacturers in the world, its market share is weakening, especially in Europe. Earlier this month, the European Automobile Manufacturers' Association confirmed that Tesla sales fell 49% in Europe in the first two months of 2025, despite the fact that overall EV sales in Europe were up 28%. April's numbers showed where exactly that pain point was. Tesla sales plunged an eye-popping 81% in Sweden, to their lowest since October 2022, and were down 73.8% in the Netherlands when compared with the same month last year. Sales fell 67% and 59%, respectively, in Denmark and France, and 33% in Portugal. In the first quarter of 2025, Tesla sales in Spain fell 17%, while electrified vehicles sales, of both hybrid and electric vehicles, were up a whopping 54%. Chinese EV automakers BYD, MG, and Omoda were up 644%, 80%, and 346% so far this year, respectively, per ANFAC.
Time of India
05-05-2025
- Automotive
- Time of India
New Tesla sales in Spain drop 36% in April despite EV sales surge
Tesla's new car sales in Spain fell 36per cent in April from the same month in 2024 to 571 vehicles, registration data released by industry group ANFAC showed on Monday, while sales of electric cars from other brands soared. Over the first four months of 2025, sales of Teslas in Spain fell 17per cent over the same period a year earlier, while sales of electrified vehicles, a category that includes both fully electric vehicles and hybrids, were up 54%. Sales of Teslas have dropped in Europe as the manufacturer owned by billionaire Elon Musk faces increased competition from European and especially Chinese EV brands. Musk's embrace of far-right politics in Europe has also led to protests against him and the company, as well as vandalism at its showrooms and charging stations across the U.S. and Europe. Musk said two weeks ago he would cut back on the time he devotes to the Trump administration and spend more time running Tesla. In Spain, sales of Chinese automakers BYD, MG and Omoda were up 644per cent, 80per cent and 346per cent so far this year, respectively, ANFAC's report showed.
