Tesla demand is nosediving in EV-friendly Europe amid Elon Musk's endorsement of the far right
Tesla demand is nosediving in EV-friendly Europe amid Elon Musk's endorsement of the far right
Popularity has plummeted in markets like Germany, a country still haunted by its fascist past, where Tesla's share of EV sales plummeted to just 3.7% last month versus 14% a year earlier.
Summary
Tesla's European sales are plummeting, with Germany seeing a 60% drop despite strong EV growth. Similar declines hit Norway, Sweden, and France.
While some blame the Osborne effect—buyers delaying purchases for a refreshed Model Y—Musk’s endorsement of Germany’s far-right AfD may also be repelling customers.
Online backlash has linked Tesla to fascist imagery. In contrast, UK sales fell only 7.8%, suggesting political factors play a role.
With strong domestic EV competition in Europe, Tesla’s reputation crisis could further hurt demand.