Tesla sales almost halved in Europe last month

Tesla's European sales plunged in January, falling 45% compared with the same month in 2024. The decline came despite a rise in EV sales in Europe, with Tesla falling behind China's SAIC Motor. Elon Musk has waded into European politics in recent months, backing far right-wing German party AfD. Tesla sales in Europe plunged in January, falling 45% compared with the same month last year, while overall sales of electric vehicles increased. Elon Musk's automaker sold 9,945 vehicles last month in the European Union and UK, Iceland, Liechtenstein, Norway, and Switzerland, figures from European Automotive Manufacturers' Association showed. There were 18,161 sales in January 2024. In December Tesla sold 44,697 vehicles across the same markets. Tesla had a 1% market share in January, down from 1.8% in the same month last year. That decline put it behind China's SAIC Motor, whose sales grew 37% to nearly 17,000 vehicles in January under brands including MG. The company had a 2.3% market ... Read full article.