KEY TAKEAWAYS
- Tesla’s sales in the European Union (EU) tumbled for a third consecutive month in March, even as overall new battery-electric vehicle registrations went up.
- According to the European Automobile Manufacturers’ Association, Tesla’s EU new car registrations, which serve as a proxy for sales, plunged 36% year-over-year to 18,224 vehicles in March, a month after they plummeted 47%.
- Tesla’s new vehicle registrations in the bloc have dropped 45% over the first three months of 2025.
Tesla’s (TSLA) sales in the European Union (EU) tumbled for a third consecutive month in March, even as overall new battery-electric vehicle registrations went up.
According to the European Automobile Manufacturers’ Association, Tesla’s EU new car registrations, which serve as a proxy for sales, plunged 36% year-over-year to 18,224 vehicles in March and have dropped 45% over the first three months of 2025. They had plummeted 47% in February following a 50% drop in January.
Meanwhile, battery-electric vehicle (BEV) registrations in the bloc jumped nearly 17.1% overall in March.
Shares of Tesla, whose percentage of new car registrations in the EU fell to 1.8% in March from 2.8% the same month last year, slipped 1% in premarket trading Thursday. They had rallied 5% Wednesday as its weaker-than-expected results were offset by a pledge by CEO Elon Musk to spend more time at the company and less working with the Trump administration.
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