Tesla sales fell in Germany in February, which is part of a wider stagnation throughout Europe, undermining the company’s share price and highlighted the anger in the political activities of Eileon Musk, CEO of the company.
The German Automobile Industry Association said on Wednesday that the sales of Tesla car in Germany, the largest market in Europe, was distinguished by 76 percent in February compared to the previous year. The US auto sales in the country decreased two months in a row.
The demand for Tellas has also decreased in other European countries since Mr. Musk became a real member of the Council of Ministers of President Trump, and has encouraged the promotion of extremist right -wing parties in Europe and other places on X, the social media platform he possesses.
Tesla’s share price fell by more than 40 percent of its peak in December, and all the gains made after Mr. Trump won the presidency in November, when investors are betting that Mr. Musk can use his influence in the White House in favor of his business. Tesla’s shares did not change a little on Wednesday morning.
In Germany, Mr. Musk, the aggressive of an extremist right -wing party, may be promoting before the parliamentary elections last month and his call to citizens to overcome “focus on the past sin” isolation agents.
Mr. Musk and Tesla are increasingly targeting activists and saboteurs. Activists in London have Campaign started Encouraging people to get rid of their throats and cancel their accounts on X.Stay away from the European Union“During the weekend, Tesla vehicles were in a parking lot in southern France, which had set fire, which the prosecutors said was” not at all. “
The demand for Tesla cars in France decreased by more than 26 percent in February compared to a year ago, according to PFA Motors.
In Norway, which is an amazing distance from its goal to end the sales of the combustion engine cars this year, Tesla sales decreased in nearly half in February of the previous year, according to the Norwegian Road Movement Information Council. This was the second monthly decrease in a row, despite the comprehensive rise in the number of new cars registered in the country. Tesla’s share of the total market fell to 8.8 percent so far this year, a decrease of 20 percent in 2023.
“The brand had a unique location in the market in Norway for several years,” Aweyvind Solburg Thorsen, Director of the Council, said in a statement. “If this will continue to continue, as there are a lot of disturbances and noise surrounding Tesla and Elon Musk.”
Tesla sales in February fell 48 percent in Denmark and 42 percent in Sweden, despite the total increase in car markets in both countries.
The Association of Motor Companies said on Wednesday that the buyer of electric cars in Britain collected the trend, as Tesla sales increased in February 20 percent compared to the same month last year. Despite the rise, Tesla sales were slower than other brand sales of electric cars, and its share in the total market shrinks three degrees Celsius, to 10.8 percent.
Some sales drops may be explained by customers who are waiting for an updated version of the Y, which begins to be launched in Europe later this month. Analysts said that this factor alone may not explain such huge declines.
Tesla problems are not isolated from Europe. In China, Tesla produced about 50 percent of vehicles in February. Mr. Musk’s political activities may not play a major role in China, the largest car market in the world, but the competition from Chinese car manufacturers such as BYD and Xiaomi is intense.
Mr. Musk said only little about the sales of cars full of science, by solutions that Tesla growth will depend on progress in self -driving technology and planned “Cybercab” that can be directed, mobility and brake without human intervention. He told investors last month that Tesla would start providing autonomous horseback service in Austin, Texas, in June.
But Tesla also faces serious competition in this emerging work. Waymo, a unit from the parent company of Google, started providing a driver’s taxi service with Uber in Austin on Tuesday. Waymo provides similar services in Los Angeles, Phenix and San Francisco and plans to provide a commercial service in Atlanta this year and Miami next year.
Mr. Musk said that Tesla will have a driver without a driver working in Austin in June, but he provided a few details.
Some investors want to pressure Mr. Musk to focus more on Tesla instead of his role as a manager of the so -called government efficiency. Tulipshare, a group of shareholders, plans to the request of investors at the next annual meeting of Tesla to link Mr. Musk’s salaries to his performance on environmental goals, social responsibility and corporate governance.
“It is time for Tesla investors to hold the company’s leadership accountable,” Antoine Gerges, CEO of Tulipshare said in a statement.