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Tesla's April Sales Plummet Amid Controversy and Protests

5/8/2025

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Story summary
  • Tesla experienced a sharp decline in April sales across Europe, with UK sales dropping 62% after tax exemptions ended.
  • Other countries reported significant decreases: Germany (-46%), France (-59%), Denmark (-67%), Netherlands (-74%), Portugal (-33%), and Sweden (-81%).
  • Q1 earnings revealed a 20% decrease in automotive revenue and a 71% profit decline.
  • Analysts express concerns about potential brand damage from Musk's political ties and controversies.
  • Protests and arson incidents targeting Tesla properties have risen.