Tesla Extends Early-Year Slump With 26% Sales Decline In France
Tesla Inc. followed up its worst sales month in years in France with another weak showing in February, prolonging its early-year slump in one of Europe's biggest markets for electric vehicles.
The company registered 2,395 cars last month, down 26% from a year ago, according to French industry association Plateforme Automobile. Tesla's decline compares with a 0.7% drop in total industry sales.
Tesla is off to a slow start to the year in part due to the changeover of its most popular vehicle, the Model Y, to a new design. Cranking out an updated version of the sport utility vehicle requires a weeks-long pause in output to update production lines, which likely is costing the company sales.
Investors also are concerned that Tesla is bearing the brunt of retaliation against Elon Musk, who's increasingly asserting himself in global politics as one of US President Donald Trump's top advisers. Consumers have protested the Tesla CEO at dozens of the company's stores and several of its showrooms have been vandalized in recent weeks.
Tesla's registrations plunged 63% to 1,141 cars in January, its lowest total in France since August 2022, and also declined in key markets including the UK and Germany. Its sales across Europe fell 45%, in stark contrast with the 37% jump in overall EV registrations.
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Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
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'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
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Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
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The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
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Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
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Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.
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High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
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Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
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Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
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Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
