financetom
Business
financetom
/
Business
/
Tesla sees German car sales plunge in January
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Tesla sees German car sales plunge in January
Feb 5, 2025 7:11 AM

FRANKFURT (Reuters) - Tesla sold almost 60% fewer cars in Germany in January than in the year-earlier period, as the U.S. electric vehicle maker faces a test of popularity amid headline-grabbing political involvement by its billionaire CEO Elon Musk.

German road traffic agency KBA's website on Wednesday showed the number of newly registered Tesla cars fell 59.5% to 1,277 in January, while the overall German market was down just 2.8% at slightly more than 207,000 vehicles during the month.

The overall segment of battery-electric vehicles, where Tesla is competing, however, gained popularity in January, with sales up 53.5% at almost 34,500 vehicles across all brands.

KBA did not give reasons for the developments in car sales.

Car registration data in Sweden and Norway earlier this week also showed that Tesla lost market share there in January.

A total of 405 new Teslas were registered in Sweden last month, down 44% from January 2024, while registrations in Norway fell to 689, a decline of 38% over the same period, despite soaring overall demand for cars in the two countries.

In addition to his strong backing for U.S. President Donald Trump, Musk has also voiced polarising opinions on politics in Europe and beyond, drawing criticism from European capitals, including Norway's prime minister and Germany's chancellor.

Musk, who also runs the X social media platform, has dismissed criticism against him as an affront to democracy and free speech.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Weibo Q2 Non-GAAP Earnings, Revenue Rise
Weibo Q2 Non-GAAP Earnings, Revenue Rise
Aug 14, 2025
05:18 AM EDT, 08/14/2025 (MT Newswires) -- Weibo ( WB ) reported Q2 non-GAAP earnings Thursday of $0.54 per diluted share, up from $0.48 a year earlier. Analysts surveyed by FactSet expected $0.43. Net revenue for the quarter ended June 30 was $444.8 million, up from $437.9 million a year earlier. Analysts surveyed by FactSet expected $439.3 million. The company's...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Empire Petroleum Q2 net loss widens 
Empire Petroleum Q2 net loss widens 
Aug 14, 2025
(Corrects to million from billion throughout in Key Details table) Overview * Empire Q2-2025 net production up 15% from Q1-2025 to 2,357 Boe/d * Q2-2025 net loss of $5.1 mln due to lower realized commodity prices * Co launched $5.0 mln Rights Offering for balance sheet optimization Outlook * Empire expects commodity prices to trend upward over the next 4-6...
Centrus Prices $700 Million Convertible Notes Offering
Centrus Prices $700 Million Convertible Notes Offering
Aug 14, 2025
05:18 AM EDT, 08/14/2025 (MT Newswires) -- Centrus Energy ( LEU ) said late Wednesday it priced a private offering to eligible purchasers of $700 million principal amount of 0% convertible senior notes due 2032, up from the previously set offering size of $650 million. The notes will be convertible at an initial rate of $229.62 per class A common...
Copyright 2023-2026 - www.financetom.com All Rights Reserved