Tesla sales are slumping across Europe as demand for electric cars declines
Tesla sales have fallen in Europe as demand stagnates.
The US electric car maker, led by Elon Musk, sold 13,951 vehicles last month – down 2.3 percent from last year and the worst total since January 2023, according to the European Automobile Manufacturers’ Association.
Interest in electric cars is still weak as major markets reduce subsidies or green policies.
In September, Prime Minister Rishi Sunak postponed a British ban on the sale of new petrol and diesel cars from 2030 to 2035, while Germany and Sweden have cut vehicle subsidies.
Tesla sold 100,124 cars in the first four months of 2024, compared to 108,737 on an annual basis.
Slow lane: Electric car maker Tesla sold just 13,951 new vehicles last month, according to the European Automobile Manufacturers’ Association
Figures show that 13,120 copies were sold in Britain, up from 15,168.
Last month, Volkswagen and Mercedes-Benz said they were seeing declining demand for fully electric cars.
The lack of charging infrastructure is also a concern across Europe.
But the figures will be a nasty blow to Musk, who last month unveiled Tesla’s biggest sales decline in more than a decade.
It posted a turnover of £17 billion in the three months to the end of March, down 9 percent, and recently announced plans to cut 10 percent of its workforce – a loss of 14,000 jobs.