Latest news with #PlateformeAutomobile
Bloomberg
6 days ago
- Automotive
- Bloomberg
Tesla Sales Plunge 67% to an Almost Three-Year Low in France
Tesla Inc.'s new-vehicle registrations fell further in France, undercutting Chief Executive Officer Elon Musk's assertion last month that the carmaker has recovered from its early-year sales slump. The automaker sold only 721 cars in May, down 67% from a year earlier, according to French industry association Plateforme Automobile. Tesla's registrations were the lowest since July 2022, despite the company rolling out a redesigned version of its most popular vehicle, the Model Y.
Bloomberg
01-05-2025
- Automotive
- Bloomberg
Tesla Sales Sink to Two-Year Low in France Despite New Model Y
Tesla Inc. registered only 863 new vehicles in France last month, its lowest total in more than two years, even as the carmaker ramped up production of its most popular model. The automaker's sales plunged 59% in April, according to French industry association Plateforme Automobile. Tesla's registrations in the European Union's second-biggest electric vehicle market have fallen 44% through the first four months of the year.
Yahoo
01-04-2025
- Automotive
- Yahoo
Tesla Sales in France Drop 37% in March Amid Continued European Struggles
Tesla (TSLA, Financials) reported a 37% drop in vehicle registrations in France in March, continuing a pattern of sharp declines for the electric vehicle maker in European markets. According to data released by the French industry association Plateforme Automobile, the Texas-based company registered 3,157 vehicles during the month. The drop was much bigger than the 15% drop in the French car market as a whole during the same time period. Tesla's sales dropped in France after falling 26% in February and 63% in January. This shows that the company is still struggling in an area that has been important to its foreign growth sales drop in Europe wasn't just in France. In February, the company said that sales for new cars across the continent had dropped 40% year-over-year. The drop in sales comes as political criticism over CEO Elon Musk's work with former U.S. President Donald Trump's administration grows. Analysts have also said that a change in models is hurting Tesla's performance in Europe. This is because some potential buyers are waiting for new designs on vehicles before they buy though sales were down, Tesla stock was up 3.3% in premarket trading on Tuesday. The price has dropped almost 30.4% so far this year. This article first appeared on GuruFocus. Sign in to access your portfolio
Bloomberg
01-04-2025
- Automotive
- Bloomberg
Tesla Extends European Slump With 37% Sales Drop in France
Tesla Inc. sales fell 37% in France last month as the electric-vehicle maker continued its poor performance in Europe, where Elon Musk's involvement in politics and a model changeover have been major hindrances. Tesla registered 3,157 cars in March, according to French industry association Plateforme Automobile. The slump compares with a 15% drop in total industry sales in the country.
Bloomberg
01-03-2025
- Automotive
- Bloomberg
Tesla Extends Early-Year Slump With 26% Sales Decline in France
Tesla Inc. followed up its worst sales month in years in France with another weak showing in February, prolonging its early-year slump in one of Europe's biggest markets for electric vehicles. The company registered 2,395 cars last month, down 26% from a year ago, according to French industry association Plateforme Automobile. Tesla's decline compares with a 0.7% drop in total industry sales.
