Tesla’s sales crash 60% in Europe, China woes deepen
Tesla’s sales have started 2025 on a weak note, with significant declines in key market sales despite attempts to boost revenue through Bitcoin, emissions credits, and AI promises. In California, Tesla sales dropped 11.6% in 2024, contributing to a broader EV slowdown, while the Model 3 and Model Y saw notable registration declines. In Europe, Tesla’s sales plummeted 60% in Germany, 63% in France, and 8% in the UK, despite rising overall EV adoption. In China, sales fell 11.5%, partly due to Chinese New Year seasonality and factory upgrades. A growing backlash against Elon Musk’s political activities — particularly his support for far-right movements in Germany and the U.S. — appears to be alienating Tesla'’s traditional progressive-leaning buyer base.