Tesla's EU sales plunge
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Tesla’s sales in Washington declined steeply in early 2025 amid fallout over CEO Elon Musk’s work with the White House, even as other EV brands saw a year-over-year increase. Tesla’s fall from grace in Washington has been steeper than in the rest of the U.S.
Tesla outsold all major rivals by a large margin in Q1 2025. Here's why so many drivers are still choosing Tesla EVs over alternatives.
The most recent sales come from Ira Ehrenpreis and Kimbal Musk. Ehrenpreis, who is the founder of venture capital firm DBL Partners, filed Form 144 for the sale of 477,572 Tesla shares worth around $162.1 million. The sale comes from the exercise of options.
Musk has returned to Tesla and his other businesses full-time after working with the White House on federal spending cuts.
Tesla sales in the EU slumped for a fourth consecutive month as Musk’s EV maker struggled to cash in on a growing market in the bloc where Chinese rivals are expanding.
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Elon Musk's decisions at the US Department of Government Efficiency have harmed Tesla, leading to a significant drop in sales and reputation. Marketing professor Scott Galloway criticised Musk for alienating Tesla's core customers by aligning with the Trump administration.
A group of Tesla investors is urging Elon Musk to commit at least 40 hours a week to running the electric vehicle company, arguing his undivided attention is needed to repair Tesla’s faltering sales and stock price volatility.
Tesla's (NASDAQ: TSLA) sales were down 49% in Europe in April, accelerating losses the company reported earlier in the year. That bodes poorly for the company's finances ahead of possible subsidy cuts in the U.S. *Stock prices used were end-of-day prices of May 27, 2025. The video was published on May 28, 2025.