Tesla's German Car Sales Continue Their Decline in February
Tesla saw its sales volume in Germany decline by more than three quarters in February, according to the German road traffic agency KBA, even though sales of electric vehicles picked up overall. The company's struggles in Germany are part of a broader trend, with sales declines also reported in Scandinavia and France. Overall, Tesla's European sales have been impacted by its CEO Elon Musk's support for far-right parties, which may have alienated some customers.
- This decline highlights the challenges facing electric vehicle manufacturers in Europe, where growing competition from traditional automakers and changing government policies are eroding market share.
- What will be the long-term impact of Tesla's struggles in Europe on its global market position and ability to maintain its lead in the electric vehicle industry?