Bloomberg: Tesla Sales Plunge 63% in EU's 2nd Biggest EV Market

From France, Bloomberg reports:

"Tesla Inc. registrations plummeted 63% last month in France, the European Union’s second-biggest market for battery-electric vehicles.

The manufacturer registered only 1,141 cars in January, the fewest since August 2022, according to French industry association La Plateforme Automobile. Tesla underperformed the overall industry and total EV sales, which dipped 6.2% and 0.5%, respectively." :eyes:

p.s. Tesla ended yesterday down -5.17%

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By Lora Kolodny for CNBC, 3 FEB 25:

"In Sweden and Norway, Tesla sales for January fell 44% and 38%, respectively.

In addition to the tariffs and news about declining registrations, Tesla over the weekend also cut lease prices for its base Model 3 sedan and unpainted steel Cybertruck vehicles, according to listings for customers in the U.S. viewed by CNBC."

Still trading well above its moving averages on the weekly chart, but that down trendline is now four weeks old.

Selling in the $383 - $408 range shows 3-4 times seller volume vs. buyers volume (meaning more end of week volumes were on DOWN weeks than UP weeks).

The EMAs on this chart are what a load of big house traders use on their weekly chart setups and have shared with small traders such as myself:

13 week EMA (green line)
40 week EMA (red line)

Here’s the weekly chart:

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Marketwatch this time. German sales of Teslas were down 60% in Jan 2025. Germany, as the article points out, is the No. 3 largest market for Teslas.

Add this news to French sales being down 63% in Jan 2025. France is the 7th largest market for Teslas:

“The German trade group VDA reported that Tesla new-vehicle registrations fell 60% in January, which is the biggest percentage drop for an automaker that’s sold at least 1,000 cars in the country.”

“Musk has taken a high-profile role not just in the Trump administration that’s unpopular in Europe but in German politics, where he’s endorsed the anti-immigration AfD party ahead of the Feb. 23 federal election.”

https://www.marketwatch.com/story/tesla-sales-are-diving-in-germany-and-across-europe-too-16faa4d1?mod=mw_rss_topstories

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German car analyst, Bertel Schmitt (who lives in Japan) points out:

“German new passenger vehicle registrations down 2.8% yoy in Jan. BEV up 53.5%, Tesla down 59.5%”

"Tesla sales plunge in Norway

In January, 689 Teslas were sold in Norway

That’s almost 40% fewer than the same month the year before."

Tesla in “crash” territory again.

From it’s Dec. 2024 all-time high of $488.54 to yesterday’s close of $378.17 is a drop of -22.59%