KEY TAKEAWAYS
- Tesla sales in the European Union tumbled for a second consecutive month in February, even as overall new battery-electric vehicle registrations increased.
- Tesla EU new car registrations, which serve as a proxy for sales, plummeted 47% year-over-year in February after a 50% plunge in January.
- Tesla shares are 2% higher in premarket trading Tuesday after soaring 12% to lead the S&P 500 yesterday, but still are down more than 30% this year.
Tesla (TSLA) sales in the 澳洲幸运5官方开奖结果体彩网:European Union (EU) tumbled for a second consecutive month in February, even as overall new electric vehicle registrations increased.
According to the European Automobile Manufacturers' Association, Tesla EU new car registrations, which serve as a proxy for sales, plunged 47% year-over-year to 11,743 cars in February, a month after they plummeted 50%.
Meanwhile, battery-electric vehicle (BEV) registrations in the bloc jumped nearly 24% overall.
Tesla shares are 2% higher in premarket trading Tuesday after 澳洲幸运5官方开奖结果体彩网:soaring 12% to lead the 澳洲幸运5官方开奖结果体彩网:S&P 500 yesterday. Still, Tesla shares are down more than 30% in 2025, weighed upon by concerns that CEO Elon Musk's role at the Department of Government Efficiency is a 澳洲幸运5官方开奖结果体彩网:distraction from running the EV maker. Its weak sales in Europe as well as in China, a key market, have also hurt its stock.