TSLA
📉 Tesla’s new car sales in Europe plummeted in February, significantly underperforming the growing electric vehicle market.
🇪🇺 The company’s market share in Europe dropped to 1.8%, down from 2.8% the previous year, raising concerns about its regional strategy.
😬 Elon Musk’s role in the Trump administration is cited as a potential factor contributing to the negative buyer reaction in Europe.
@bernardodegarcia:
“Tesla, My Esla. We have Nike shares here. Look, yesterday, what a beautiful day. What a beautiful day the market had yesterday. What a bad day Nike shares had on Friday. It was terrible. This was right after the quarterly results. I don’t know if you remember that, like, how expensive are Nike shares going up 5% after these results? Catapun chisp de tun. It is also true. I recognize that here Nike shares have little risk and a lot of upside. Okay. That, that’s what we were talking about, I think, yesterday too. Anyway, we were talking about Tesla going up 1%. I think that at first it was in negative territory. We have it. This is a first-minute, first-minute, one-minute chart. Ah, these charts are a bit schizophrenic. There we have them. It reached a pre-market low of 273, it is now at 282, mainly because Tesla’s new car sales in Europe plummeted again in February due to the negative reaction of buyers to Elon Musk’s role in the Donald Trump administration, with a market share that fell year-on-year. The company registered 16,88 new cars in February, 40% less than a year ago, with a current market share of 1.8% compared to 2.8% last year. According to the European Association of Automobile Manufacturers, Tesla sales plummeted almost 43% in the first two months of the year, while sales of new battery electric cars across the industry grew by 28.4% in the same period, capturing up to 15.2% of the total market share in Europe. Sales of electric cars in Europe increased by 26% this February compared to the same month last year. In January, Tesla sales in Europe also fell 45% below 10,000 units.”
Watch the exact part of the video where @bernardodegarcia talks about Tesla here:
View the video on YouTube.
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