Key dishes to remember
- Tesla’s shares decreased Tuesday for a second consecutive session while the electric vehicle manufacturer continues to make bad news on sales in Europe.
- Tesla registrations in Germany and the United Kingdom fell 46% and 62%, respectively, in April compared to a year earlier.
- The data follows on Spanish figures on Monday which also showed a drop in demand from Tesla vehicles.
Tesla’s actions (TSLA) slipped on Tuesday, extending the decline on Monday while bad news continues to accumulate on sales of the electric vehicle giant in Europe.
Tesla vehicle recordings, often used as a sales indicator, decreased by 46% in Germany and 62% in the United Kingdom in April compared to one year earlier, according to data published by industrial groups in respective countries.
The data occurs one day after that also disappointing figures from Spain, which has shown that the model 3 and the Y of Tesla model decreased in April. Registration during the month fell from 55% to 81% in other European countries such as Belgium and Sweden, Bloomberg reported Tuesday.
The decreases occur even when Tesla increased the production of its model, which was published earlier this year and that some analysts hoped to lead to an increase in sales. The company said that when it had declared production and deliveries of the first quarter last month that its change in manufacturing the new model cost it for several weeks of production.
Tesla has been the target of demonstrations in recent months, because people in the United States and abroad have sought to express their dissatisfaction with the involvement of the CEO Elon Musk in the Trump administration. Musk said during the call for the winnings of last month that he planned to reduce his government work to one or two days a week this month, and to focus more on Tesla.
Tesla’s shares have dropped by 2% in recent exchanges and have lost more than 30% of their value so far this year.
