{"id":8952,"date":"2025-02-26T15:50:59","date_gmt":"2025-02-26T15:50:59","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/tesla-sales-drop-sharply-in-europe-bucking-trend-for-evs-as-elon-musk-comes-under-mounting-criticism\/"},"modified":"2025-02-26T15:50:59","modified_gmt":"2025-02-26T15:50:59","slug":"tesla-sales-drop-sharply-in-europe-bucking-trend-for-evs-as-elon-musk-comes-under-mounting-criticism","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/tesla-sales-drop-sharply-in-europe-bucking-trend-for-evs-as-elon-musk-comes-under-mounting-criticism\/","title":{"rendered":"Tesla sales drop sharply in Europe, bucking trend for EVs, as Elon Musk comes under mounting criticism"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div id=\"\">\n<p><em>London \u2014<\/em>\u00a0Sales data show many Europeans, seemingly angry with Elon Musk as he navigates his close <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/musk-federal-workers-another-chance-justify-jobs\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">relationship with President Trump<\/a><\/span> to influence U.S. policy, may be choosing to steer clear of Tesla vehicles. A sharp decline in sales comes as anti-Musk ads appear in the U.K. and other countries alluding a comparison to Adolf Hitler.\u00a0<\/p>\n<p>Tesla new vehicle sales fell across the continent by nearly half in January, plunging by 45% year-on-year, according to data compiled by the European Automobile Manufacturers&#8217; Association (ACEA). In hard numbers, Tesla sold just under 9,950 vehicles in Europe in January. For the same month in 2024, the company sold just over 18,100 new vehicles.\u00a0<\/p>\n<p>The drop in sales has hurt Tesla&#8217;s share price, which had nearly doubled in the first month after Mr. Trump&#8217;s election victory to a record high. Most of those gains have since been lost, and Tesla&#8217;s market cap has plunged below the $1 trillion mark. The stock, which as of early Wednesday traded for roughly $305 in the U.S., remains up 54% over the last 12 months, buoyed by the company&#8217;s ambitious plans for self-driving cars and humanoid robots.<\/p>\n<p>In Germany, Tesla sales fell nearly 60% in January year-on-year as would-be buyers voted with their wallets \u2014 possibly angered by Musk&#8217;s purported <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/elon-musk-germany-far-right-afd-remarks-auschwitz-holocaust-remembrance-day\/\" data-invalid-url-rewritten-http=\"\">meddling in the country&#8217;s federal elections<\/a><\/span> last weekend, which saw the far-right AfD party he backed become the country&#8217;s second most popular.<\/p>\n<p>In France, Tesla&#8217;s sales in January fell 63%. The plunge came after Musk backed far-right parties in that country and attacked left-leaning ones, although the impact of his political activities on Tesla&#8217;s financial performance is hard to gauge and could reflect other factors, such as mounting competition from other EV makers.<\/p>\n<p>Tesla sales in the U.S. have also been declining, falling 1% in 2024 compared to the prior year \u2014 the automaker&#8217;s first annual sales decline in 12 years despite global EV sales rising 7.3%. As CBS News&#8217; <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/tesla-sales-elon-musk-reputation-brand-damage-trump-doge\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">MoneyWatch reported<\/a><\/span> this week, Wall Street analysts have said Musk&#8217;s political activities could alienate consumers previously loyal to the brand, and protests have erupted at a number of <a href=\"https:\/\/www.cbsnews.com\/sanfrancisco\/video\/rally-held-outside-of-sf-tesla-dealership-to-speak-out-against-elon-musk-doge\/\" target=\"_blank\" rel=\"nofollow\" data-invalid-url-rewritten-http=\"\">Tesla dealerships<\/a> in the U.S.<\/p>\n<figure class=\"embed embed--type-video embed--type-content_video is-video embed--float-left embed--size-medium \"><figcaption class=\"embed__caption-container\"><a href=\"https:\/\/www.cbsnews.com\/video\/musk-joining-trumps-first-cabinet-meeting\/\" class=\"embed__headline-link\" data-invalid-url-rewritten-http=\"\"><\/p>\n<p>          <span class=\"embed__icon\"><br \/>\n            <svg viewbox=\"0 0 32 32\" aria-hidden=\"true\"><use xlink:href=\"#icon-video\"\/><\/svg><\/span><\/p>\n<p>          <span class=\"embed__headline\">Musk joining Trump&#8217;s first Cabinet meeting<\/span><\/p>\n<p>          <span class=\"embed__video-duration\">02:53<\/span><\/p>\n<p>                      <\/a><\/p>\n<\/figcaption><\/figure>\n<p>A similar trend has been seen in Europe. While Tesla&#8217;s European sales numbers plunged in January, ACEA data show sales of electric vehicles overall <a href=\"https:\/\/www.acea.auto\/files\/Press_release_car_registrations_January_2025.pdf\" target=\"_blank\" rel=\"nofollow noopener\">surged by 34%<\/a>, with buyers increasingly eyeing options from China and the continent&#8217;s own automakers.<\/p>\n<p>In the U.K., after Musk <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/keir-starmer-elon-musk-x-child-sex-abuse-grooming-far-right\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">attacked Prime Minister Keir Starmer<\/a><\/span> and called for the release of a jailed far-right activist, January sales fell a comparatively gentler 12% year-on-year, but anger at Musk has been visible on British roadsides after an activist group called &#8220;Everybody Hates Elon&#8221; <a href=\"https:\/\/www.instagram.com\/everyonehateselon_\/p\/DGdtFHpIgal\/\" target=\"_blank\" rel=\"nofollow noopener\">pasted over bus stop ads<\/a> with posters showing Musk making a hand gesture that strongly resembled a Nazi salute at one of Mr. Trump&#8217;s inauguration events.\u00a0<\/p>\n<p>Musk has neither admitted nor denied his intent with the gesture, but he mocked the criticism of it, saying in a message on his social media platform X that, &#8220;the &#8216;everyone is Hitler&#8217; attack is sooo tired.&#8221;<\/p>\n<p>On the protest group&#8217;s posters, the words &#8220;0 to 1939 in three seconds&#8221; appear above the image of Musk, alluding to the start of World War II.<\/p>\n<p>    <!-- data-recirc-source=\"queryly\" --><\/p>\n<aside class=\"component list recirculation component--type-recirculation \">\n<p><h3 class=\"component__title\">More from CBS News<\/h3>\n<\/p>\n<\/aside>\n<p><!-- tags --><\/p>\n<div class=\"content-author\">\n      <a href=\"https:\/\/www.cbsnews.com\/team\/ramy-inocencio\/\" class=\"content-author__name\" data-invalid-url-rewritten-http=\"\">Ramy Inocencio<\/a><\/p>\n<div class=\"content-author__bio\">\n<div class=\"content-author__image\">\n            <a href=\"https:\/\/www.cbsnews.com\/team\/ramy-inocencio\/\" data-invalid-url-rewritten-http=\"\"><br \/>\n              <span class=\"img \"><img alt=\"headshot-600-ramy-inocencio.jpg \" height=\"80\" width=\"80\" class=\" lazyload\" srcset=\"https:\/\/assets2.cbsnewsstatic.com\/hub\/i\/r\/2024\/05\/17\/74f868b7-8e23-4953-8af5-e9208c0f2f5b\/thumbnail\/80x80\/3ebb56fc6635d17fb79395bf35fcdde5\/headshot-600-ramy-inocencio.jpg?v=78c95795a48cecb960a56aa16b9fa6dd 1x, https:\/\/assets3.cbsnewsstatic.com\/hub\/i\/r\/2024\/05\/17\/74f868b7-8e23-4953-8af5-e9208c0f2f5b\/thumbnail\/160x160\/cec1e2d8785e669c4b2dff483b61e2d4\/headshot-600-ramy-inocencio.jpg?v=78c95795a48cecb960a56aa16b9fa6dd 2x\"\/><\/span><br \/>\n            <\/a>\n          <\/div>\n<div class=\"content-author__full-information\">\n<p class=\"content-author__text\">Ramy Inocencio is a CBS News foreign correspondent based in London, covering Europe and the Middle East. He joined the Network in 2019 as CBS News&#8217; Asia correspondent, based in Beijing and reporting across the Asia-Pacific, bringing two decades of experience working and traveling between Asia and the United States.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/www.instagram.com\/embed.js\"><\/script><br \/>\n<br \/><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cbsnews.com\/news\/elon-musk-tesla-sales-europe-drop-bucking-ev-trend-share-price\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>London \u2014\u00a0Sales data show many Europeans, seemingly angry with Elon Musk as he navigates his close relationship with President Trump<\/p>\n","protected":false},"author":1,"featured_media":8953,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[3186,1587,1120,703,569,763,2298,690],"class_list":["post-8952","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-auto-industry","tag-electric-cars","tag-electric-vehicles","tag-elon-musk","tag-european-union","tag-germany","tag-tesla","tag-united-kingdom"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tesla sales drop sharply in Europe, 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