Summary
Tesla’s registrations in France dropped 63% in January, their lowest since August 2022, far outpacing the broader total EV sales’ 0.5% decline.
Tesla registrations across EU countries fell 13% last year, with Germany accounting for much of the decline.
Sales in Germany, Tesla’s biggest European market, also fell 41% last year due to an aging lineup, competition, and subsidy cuts.
CEO Elon Musk’s political involvement, including support for Germany’s far-right party, may be affecting demand.
They released info to shareholders last week that showed an 8% drop in year over year sales… and yet the stock went up. Maybe people expected the drop to be even higher, so the drop was already priced in?? But it just feels like there is market manipulation going on.