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Auto Blog
2 days ago
- Automotive
- Auto Blog
Tesla Sales Drop in Europe for Fifth Straight Month
Another tough month for Tesla Tesla's grip on the European electric vehicle market is slipping fast. The company's sales have dropped for the fifth consecutive month, and there's no clear sign of recovery. According to new data from the European Automobile Manufacturers' Association (ACEA), Tesla's registrations in the EU, UK, and EFTA countries plummeted nearly 28% in May compared to the same month last year. That's just the latest blow in what's become a sustained slide. 0:00 / 0:09 Rivian R1T delivers on this EV feature that Tesla forgot Watch More So far in 2025, Tesla has sold about 75,196 vehicles across these markets — a 37.1% year-over-year drop. Market share is shrinking just as the electric vehicle segment continues to grow across Europe, suggesting that Tesla isn't simply suffering from a slowing market, but falling behind in an increasingly competitive one. The numbers tell a grim story Tesla's European sales fell sharply right out of the gate in 2025. In January, the company sold just 9,945 vehicles — a 45.2% year-over-year decline. February followed with a 40.1% drop. March fared slightly better with a 28.2% dip, but April was brutal, with demand nearly halving. May's 27.9% decline sealed a five-month losing streak. Tesla Model Y Juniper — Source: Tesla These losses reduced Tesla's market share in the region from 2.1% in early 2024 to just 1.3% in 2025. While the company is shrinking, the EV market around it is growing. All-electric vehicles accounted for 17.1% of the overall market through May, up from 13.1% during the same period last year. Why Tesla is falling behind There's no single cause behind Tesla's slump, but several factors are at play. First, the competition has intensified, particularly from Chinese automakers offering lower-cost EVs that appeal to price-sensitive European buyers. Brands like BYD and MG are rolling out models that often undercut Tesla on price while offering comparable range and features. Autoblog Newsletter Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. Sign up or sign in with Google Facebook Microsoft Apple By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. BYD Seal — Source: BYD Second, Tesla's own product lineup is aging. The Model S is over a decade old. The Model 3 and Model Y, while recently refreshed, are no longer the standouts they once were. Other automakers have caught up, both in terms of technology and overall appeal. Third, CEO Elon Musk's increasingly political and polarizing public persona may be tarnishing Tesla's brand image in parts of Europe, although quantifying that impact is challenging. Still, public perception matters, and Musk's antics may be wearing thin with European consumers. A comeback won't be easy Tesla Model X and Model S — Source: Tesla Tesla's best hope for reversing course in Europe might be the long-rumored low-cost model aimed at expanding its reach. However, confusion reigns about whether such a vehicle will even be coming. Reuters reported in 2024 that the affordable Tesla had been shelved — a claim Musk denied, calling the report a lie. Final thoughts In the meantime, rivals are flooding the market with options, and European regulations are tightening. With the EU's planned 2035 ban on new combustion-engine cars looming, every automaker is doubling down on EVs. That could squeeze Tesla further unless it finds a way to compete on both innovation and price. For now, the company's dominance in Europe looks increasingly like a thing of the past. About the Author Elijah Nicholson-Messmer View Profile
Yahoo
2 days ago
- Automotive
- Yahoo
Tesla Just Ousted Its Head of Manufacturing. How Should You Play TSLA Stock Here?
Tesla (TSLA) shares are in the spotlight on Friday following news the electric vehicle maker has fired Omead Afshar – its vice president of manufacturing and operations. Afshar's ouster comes following months of sales declines that made TSLA lose share in key global markets. According to the latest ACEA data, the automaker's European sales were down nearly 28% in May. Dear Nvidia Stock Fans, Watch This Event Today Closely A $2 Billion Reason to Sell Super Micro Computer Stock Now 3 ETFs Offering Juicy Dividend Yields of 15% or Higher Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Tesla stock is trading more than 11% below its recent high. While the initial response has been negative, Afshar's departure could prove positive for Tesla in the long run given it signals a proactive leadership shake-up aimed at resetting operations amid recent underperformance. With European sales slipping and global competition intensifying, removing a top manufacturing executive might signal a strategic pivot to reinvigorate execution and efficiency. TSLA shares could benefit from the announcement if markets read it as the company positioning itself for leaner, more responsive operations ahead of new product rollouts and autonomous vehicle plans. In short, the EV stock's dip Thursday on the news might reflect near-term volatility, not long-term weakness. Despite the management shake-up and continued slump in European sales, Benchmark analyst Mickey Legg says nothing currently matters more for TSLA than its recent successful launch of robotaxi services in Austin. In his latest research note, Legg argued the company's self-driving initiative set it up for future growth as he raised his price target on the EV stock to $475, indicating potential upside of another 50% from current levels. Texas is set to implement new autonomous vehicle regulations in September, which the analyst believes will pave the way for the automaker to expand its robotaxi services to more cities, leading potentially to further upside in Tesla stock. Investors should note, however, that other Wall Street analysts remain cautious on TSLA stock despite the company's blockbuster launch of robotaxi operations on June 22. The consensus rating on Tesla shares currently sits at 'Hold' only with the mean target of about $296 indicating potential downside of nearly 10% from here. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Automotive
- Yahoo
EU car registrations drop by 0.6% in May 2025 YTD: ACEA
New car registrations in the European Union (EU) decreased by 0.6% in May 2025 year-to-date (YTD), compared to the same period in 2024, as reported by the European Automobile Manufacturers' Association (ACEA). However, year-on-year (YOY) registrations for May rose by 1.6% compared to the previous year. The battery-electric car market share for May 2025 YTD reached 15.4%, marking an increase from 12.1% in May 2024 YTD. Hybrid-electric models continue to grow, maintaining their position as the most popular power type among buyers, with 35.1% of the market share. In the first five months of 2025, new battery-electric car sales amounted to 701,089 units, securing 15.4% of the total EU market share. Three of the four largest EU markets saw gains in battery-electric registrations: Germany (+43.2%), Belgium (+26.7%), and the Netherlands (+6.7%). In contrast, France experienced a decline of 7.1%. Hybrid-electric car registrations rose to 1,601,090 units by May 2025 YTD, driven by growth in the four largest markets: France (+38.3%), Spain (+34.9%), Italy (+13.8%), and Germany (+12.1%). Registrations of plug-in-hybrid electric cars in May 2025 YTD reached 375,182 units, spurred by increases in key markets such as Germany (+52.8%) and Spain (+66.6%). Plug-in-hybrid electric cars now represent 8.2% of total car registrations in the EU, up from 7.1% in May 2024 YTD. The association said that the YOY variation for May 2025 showed a rise of 25% for battery-electric and 16% for hybrid-electric cars. Meanwhile, plug-in-hybrid electric cars recorded a 46.9% increase, marking their third consecutive month of growth. Petrol car registrations declined by 20.2% by the end of May 2025, with major markets experiencing decreases. France saw the steepest drop at 34.3%, followed by Germany (-26.1%), Italy (-15.4%), and Spain (-13.3%). The market share for petrol fell to 28.6%, down from 35.6%. Similarly, the diesel car market dropped by 26.6%, resulting in a 9.5% share for diesel vehicles in May 2025 YTD. The May 2025 YOY variation showed a decline of 18.6% for petrol and 27.6% for diesel. Earlier this week, JATO Dynamics reported that Chinese car manufacturers have significantly boosted their European market presence, doubling their share to 5.9% in May 2025. "EU car registrations drop by 0.6% in May 2025 YTD: ACEA " was originally created and published by Motor Finance Online, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Time of India
3 days ago
- Automotive
- Time of India
Tesla's European sales slump for fifth month
HighlightsTesla's new car sales in Europe fell by 27.9% in May 2023 compared to the same month last year, while fully-electric vehicle sales in the region increased by 27.2%. Tesla's European market share dropped to 1.2% in May 2023 from 1.8% in May 2022, as customers increasingly turn to cheaper Chinese electric vehicles. Despite a 1.9% increase in overall car sales in Europe, the European market saw significant growth in plug-in hybrids and alternative fuel vehicles, with registrations of battery-electric vehicles rising by 26.1%. Tesla 's new car sales in Europe fell 27.9% in May from a year earlier even as fully-electric vehicle sales in the region jumped 27.2%, with the US EV maker's revised Model Y yet to show signs of reviving the brand's fortunes. Overall car sales in Europe rose 1.9%, with the strongest growth coming from plug-in hybrids and cars powered by alternative fuels, data from the European Automobile Manufacturers Association (ACEA) showed. Why it's important Tesla's European sales have now fallen for five straight months as customers switch to cheaper Chinese EVs and, in some cases, protest against Tesla CEO Elon Musk's politics. Tesla's European market share dropped to just 1.2% in May from 1.8% a year ago. The revised Model Y is meant to revamp the company's ageing model range as traditional automakers and Chinese rivals launch EVs at a rapid pace amid trade tensions. Chinese manufacturers kept up their strong growth in Europe last month despite EU tariffs on Chinese EVs, selling 65,808 cars and doubling their market share to 5.9%, according to separate data released Tuesday by Jato Dynamics. BYD registered nearly as many vehicles as Tesla in May, after outselling it in April. By the numbers May new car sales in the European Union, Britain and the European Free Trade Association rose to 1.11 million vehicles, following a 0.3% dip in April, ACEA data showed. Registrations at Chinese state-owned SAIC Motor and Germany's BMW rose 22.5% and 5.6% respectively, while they fell 23% at Japan's Mazda . In the EU alone, total car sales have fallen 0.6% so far this year. That comes despite growing demand for EVs, with registrations of battery-electric (BEV), plug-in hybrid (PHEV) and hybrid-electric (HEV) cars rising 26.1%, 15% and 19.8% respectively. EU sales of BEVs, HEVs and PHEVs combined accounted for 58.9% of passenger car registrations in May, up from 48.9% in May 2024. Among the largest EU markets, new car sales in Spain and Germany rose 18.6% and 1.2% respectively, while in France and Italy they dropped by 12.3% and 0.1%. In Britain, registrations were up 1.6%.
Time of India
3 days ago
- Automotive
- Time of India
Tesla's European sales slump for fifth month as EV rivals gain momentum
Tesla's new car sales in Europe fell 27.9% in May from a year earlier even as fully-electric vehicle sales in the region jumped 27.2%, with the U.S. EV maker's revised Model Y yet to show signs of reviving the brand's fortunes. Overall car sales in Europe rose 1.9%, with the strongest growth coming from plug-in hybrids and cars powered by alternative fuels, data from the European Automobile Manufacturers Association (ACEA) showed. WHY IT'S IMPORTANT Tesla's European sales have now fallen for five straight months as customers switch to cheaper Chinese EVs and, in some cases, protest against Tesla CEO Elon Musk's politics. Tesla's European market share dropped to just 1.2% in May from 1.8% a year ago. The revised Model Y is meant to revamp the company's ageing model range as traditional automakers and Chinese rivals launch EVs at a rapid pace amid trade tensions. BY THE NUMBERS May new car sales in the European Union, Britain and the European Free Trade Association rose to 1.11 million vehicles, following a 0.3% dip in April, ACEA data showed. Registrations at Chinese state-owned SAIC Motor and Germany's BMW rose 22.5% and 5.6% respectively, while they fell 23% at Japan's Mazda. In the EU alone, total car sales have fallen 0.6% so far this year. That comes despite growing demand for EVs, with registrations of battery-electric (BEV), plug-in hybrid (PHEV) and hybrid-electric (HEV) cars rising 26.1%, 15% and 19.8% respectively. EU sales of BEVs, HEVs and PHEVs combined accounted for 58.9% of passenger car registrations in May, up from 48.9% in May 2024. Among the largest EU markets, new car sales in Spain and Germany rose 18.6% and 1.2% respectively, while in France and Italy they dropped by 12.3% and 0.1%. In Britain, registrations were up 1.6%.
