Tesla Faces Sharp Sales Decline in Europe Amid Broader EV Market Growth
Tesla's European registrations collapsed in October, with Sweden seeing an 89% drop and Denmark an 86% decline. Spain recorded a near-30% slide, while France—the sole bright spot—posted a modest 2.4% gain after last year's 47% crash. Year-to-date figures remain bleak, with French registrations down 30%.
The Model Y transition rationale has failed to stem losses. Despite Tesla attributing Q3 weakness to production disruptions during the refresh, European deliveries show no recovery. This contrasts sharply with the region's 38% surge in battery-electric vehicle sales through September, highlighting Tesla's underperformance in Germany where its sales halved during the period.