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Stockreport

Tesla Sales Fall Again In Germany Amid Musk Backlash [Barron's]

Tesla, Inc. (TSLA)  More Company Research Source: Barrons
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Just 2,229 of Tesla's electric vehicles (EVs) were registered in March, about 43 percent fewer compared with the same period last year, the KBA federal transport authority said. Overall electric vehicle registrations rose 35.5 percent in Germany year-on-year as sales continue to rebound from very low levels seen in early 2024. Like elsewhere in Europe, EV sales slowed in Germany last year against a weak economic backdrop, with the situation worsened in the region's biggest auto market by the withdrawal of government subsidies. Tesla's sales have been slowing worldwide as Musk faces anger over his role overseeing cuts to the federal workforce in US President Donald Trump's administration, and due to factory upgrades. But he has faced particular hostility in Germany after he vocally backed the far-right Alternative for Germany (AfD) -- which is shunned by mainstream parties -- ahead of February elections. Some German Tesla drivers have put "I bought this before Elon Went craz [Read more]

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