Tesla sales plunge 67% to an almost three-year low in France
Source: Yahoo! Finance/Bloomberg
Mon, June 2, 2025 at 6:15 AM EDT
(Bloomberg) Tesla Inc.s (TSLA) new-vehicle registrations fell further in France, undercutting Chief Executive Officer Elon Musks assertion last month that the carmaker has recovered from its early-year sales slump.
The automaker sold only 721 cars in May, down 67% from a year earlier, according to French industry association Plateforme Automobile.
Teslas registrations were the lowest since July 2022, despite the company rolling out a redesigned version of its most popular vehicle, the Model Y.
Tesla shares dropped as much as 2.3% before the start of regular trading Monday. The stock has declined 14% this year.
Read more: https://finance.yahoo.com/news/tesla-sales-plunge-67-almost-101533296.html
Passages
(4,493 posts)Blues Heron
(9,026 posts)70sEraVet
(5,615 posts)would turn off so many car buyers in FRANCE??
no_hypocrisy
(55,369 posts)republianmushroom
(22,691 posts)Torchlight
(7,053 posts)Even in the U.S., Tesla deliveries are down almost 9% compared to Q1 2024. Thats despite EV sales in the U.S. being up 10% overall in the first quarter.
I think Musk finally learned the basic and fundamental lesson that if you directly connect yourself to your brand, your actions and behavior will affect sales, for good or for bad.
moniss
(9,149 posts)stock price will be manipulated in coordinated buying and pumped back up. Lather, rinse, repeat ad infinitum.
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