May 27, 2025 07:46 pm IST
Tesla’s sales in Europe fell nearly 50% in April, blaming the market weakness rather than low demand.
Elon Musk Demand for demand is not ready to accept Tesla Overall, cars are going down in Europe, and instead blameing a “weak market” for sales tanking.
Tesla’s European sales fell nearly 50% in April, even overall Ev According to the company’s recent sales reports, sales on the continent increased.
The musk denies that Europe is away from Tesla
However, Musk claims that this time the sudden decline in sales is mainly due to the status of the weaker market in Europe. Recently during the Qatar Economic Forum, he claimed from the flat, “European car market is quite weak,” as quoted by Fortune.
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“This is true for all manufacturers. No exception,” he also said, refusing to accept the fact that European consumers are moving away from their brand.
Tesla Stock is still getting stronger
Even though the new figures showed that Tesla’s European sales had been halved in April, Tesla’s share price still increased by 2.3% in premarket trading. Even though China’s EV industry has started an all-new price war, but still Tesla’s possibilities in the stock market have not been reduced. In addition, the stock markets can be seen for a reversal by July, delaying the implementation of tariffs on the European Union. It was earlier announced that the tariff implementation would begin on June 1, and now it has been extended for another month.
Is the new revenue plan going to move?
Till Tuesday, Tesla’s stock has fallen by about 16% this year. However, on the plus side, it has increased by 43% in the April 22 income report, says Baron. Inspired by this development, Kasturi-owned company is proceeding with its plan to introduce a self-driving taxi service in Austin, Texas in June. This, investors feel, can unlock a new set of increase in income for Tesla.
