From Financial Modeling Prep: 2025-04-24 02:54:00

Tesla’s first-quarter performance in Europe saw a steep sales decline, facing a consumer boycott, competition, and tariff pressures. March registrations dropped to 28,502 EVs, down from 39,684 last year. Overall Q1 registrations slid 37.2% YoY, while battery EVs and hybrids saw growth.

Factors behind the decline included a boycott over Musk’s politics, Chinese EV competition, tariff-driven cost pressures, and an aging lineup. To revamp and recover, Tesla plans to launch a low-cost Model Y in June, focus on autonomous ambitions, and have Musk scale back political commitments.

The outlook for Tesla relies on successfully launching new models and regaining market share. The company’s Q1 slump in Europe highlights the importance of overcoming challenges like geopolitical issues and competition. Success will depend on navigating tariffs and delivering on promised innovations.



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