Tesla Europe Sales Collapse 30% in March
Tesla sales across 28 European nations decreased by 30% in March. Volkswagen led electric vehicle sales there for the quarter. The post Tesla Europe Sales Collapse 30% in March appeared first on 24/7 Wall St..
According to research firm JATO Dynamics, Tesla Inc. (NASDAQ: TSLA) sales across 28 European nations decreased by 30% in March to 27,828. The pace of the decline was slightly less than in the first quarter, when Tesla’s sales dropped 38% to 53,237. Volkswagen led battery electric vehicle (BEV) sales for the quarter with 65,679 units, up 157%.
24/7 Wall St. Key Points:
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Tesla Inc. (NASDAQ: TSLA) sales across 28 European nations decreased by 30% in March.
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Volkswagen led electric vehicle sales there for the quarter.
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The same research showed 240,891 BEVs registered in the first quarter. That gave BEVs an impressive 17% of all new cars registered across the 28 countries. Felipe Munoz, Global Analyst at JATO Dynamics commented: “March was a momentous month for BEV registrations in Europe indicating that the positive response we are seeing to the continually broadening offer is finally having a real impact on the overall market.”
Two models primarily drove VW’s March BEV success. Sales of the ID.4 were up 57% to 7,675. Sales of the ID.7 rose 986% to 7,438.
These are the top 10 selling BEVs in Europe in March:
- Volkswagen (65,679)
- Tesla (53,237)
- BMW (46,557)
- Audi (34,739)
- Renault (31,880)
- Kia (28,950)
- Mercedes (28,375)
- Skoda (26,579)
- Peugeot (24,397)
- Volvo (22,810)
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The post Tesla Europe Sales Collapse 30% in March appeared first on 24/7 Wall St..