Elon Musk-led EV giant Tesla’s sales in the European Union (EU) is plummeting. The Cybertruck maker’s shares dipped below $1 trillion amid a sales slump in Europe.
Tesla, with relatively shallow vehicle sales growth, if any. Read why I continue to rate TSLA stock as a Hold.
Tesla has agreed to buy assets of embattled German engineering group Manz as the US electric vehicle maker expands its footprint in the European market despite plummeting sales in the region.
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Benzinga (Video) on MSNNew Tesla Registrations Dip By 50% In EU In January Despite Rising Overall BEV Market ShareAmerican EV giant Tesla witnessed a drop of over 50% in new car registrations in January in the European Union despite battery electric vehicle registrations rising during the period, according to data from the European Automobile Manufacturers Association (ACEA) released on Tuesday.
The Cybertruck has a cult following in the U.S., but safety issues such as excessive size and acceleration and sharp edges make the Tesla illegal on U.K. roads.
Tesla’s stock dropped on Tuesday as a new report shows demand woes are picking up in Europe, with sales dropping a precipitous 45% in January. Only 9,945 Tesla EVs were register
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