Billionaire Founder and CEO Elon Musk’s electric vehicle (EV) company Tesla Inc. has seen sales fall across Europe, and executive political activities hurt the automaker’s business in the major EV markets It shows that.
Tesla’s sales in Germany fell 59% as the company registered only 1,277 new cars in January, according to data from the German Federal Motor Transport Agency cited in the agency report. Since July 2021, sales have reached the lowest level.
Tesla is cutting sales in a market that won 54% last month. The agency’s report also cited a poll that showed the CEO’s views were at a disadvantage and that his political intervention within the country was not welcomed by the people.
In addition to Germany, Tesla sales have also declined in France and the UK last month. This shows the company’s decline in sales in three European EV markets, in addition to its latest developments.
Tesla sales fell 63% in France last month and lost 12% in the UK, according to data cited by the news agency.
Musk’s political presence
Elon Musk live on AFD leader Alice Weidel and his social media platform X to oppose Tesla’s construction of factories outside of Berlin and provide a platform for the party that took a weaker perspective in the renewable energy industry. A discussion was held.
Musk mentions wartime brutality under the Nazis, discouraging him from putting “too much focus on past guilt” ahead of the 80th anniversary of Auschwitz de Camp’s liberation, and domestic rage caused.
Political factors aside, the company took a weak start this year when Tesla changed its assembly plant to produce a redesigned version of the Model Y, which, according to the report, lost production for weeks.
The agency reports that after breaking its fourth quarter delivery estimate, the company has become something of a modest full year growth forecast.
According to the report, Volkswagen AG and BMW AG were among the manufacturers that won stock in the German EV market last year, but Tesla lost its hold.
Tesla Inc. shares are closed 3.58% lower £378.17 After the market session on Wednesday. Stocks were 1.62% lower in the pre-market session, with the market open on Thursday.
