Tesla Sales Plunge 63% in EU’s Second-Biggest EV Market
Posted: Feb 04, 2025
- Tesla sales in France plunged 63% in January
- The company only registered 1,141 new cars, the lowest since August 2022
- Tesla underperformed the overall industry and EV segment, which saw sales dip by 6.2% and 0.5%, respectively
- This decline in sales is significant as France is the EU's second-largest market for battery-electric vehicles
- Tesla's stock ticker is $TSLA
What do people on Reddit think?
🚨 Reddit sentiment: negative - The majority of comments reflect negative sentiment towards Tesla's situation, focusing on declining sales, political controversies affecting the brand, and skepticism about stock valuations. Summarized comments: - Q1 sales are anticipated to be poor following the Q4 plunge - Elon Musk's political stance is perceived as a factor affecting Tesla's sales, particularly in left-leaning demographics likely to buy EVs - There is skepticism about Tesla's stock being overvalued despite declining sales - Speculation that future government funds may support Tesla's stock - Comments mock Elon Musk's potential reaction to the European market situation - Criticism of Musk's politics may be impacting Tesla's popularity in Europe - Concerns that Tesla's sales numbers will worsen if they are indeed measured before Musk’s latest controversies - Noted replacement of Tesla vehicles with BMWs in some areas Stock tickers discussed: $TSLA
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