Tesla sales plunge 67% to an almost three-year low in France [View all]

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 Musk’s 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.

Tesla’s 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