Connect with us

Published

on

Tesla sales across Europe plunged 40% last month, raising further questions over the extent drivers are being put off by its chief executive Elon Musk’s politics.

Data covering the EU, Britain and European Free Trade Association (EFTA) nations on Tuesday showed a rise in overall new electric car sales during February, but Tesla lagging behind its peers.

It sold fewer than 17,000 cars compared to over 28,000 in the same month in 2024, with a market share of 1.8% compared to the 2.8% seen 12 months ago.

Money latest: What can we expect in the spring statement tomorrow?

The European Automobile Manufacturers Association (ACEA) said Tesla had sold 42.6% fewer cars in Europe in the year to date.

While total new car sales were down 3.1% on the same period in 2024, those for battery electric vehicles were 26.1% higher.

The declines for Tesla were limited to the continent as the UK’s industry body, the SMMT, had already flagged a 20% rise in Tesla sales during February compared to February 2024.

More on Elon Musk

The figures were released just hours after it was revealed that Chinese competitor BYD had overtaken its US rival in global annual revenue during 2024, despite the impact of European Union and US tariffs on Chinese-made EVs.

Tesla’s challenges include more intense, and cheaper, competition especially from China and a lack of budget models.

It has also suffered from a lack of new models – with the mid-size Model Y yet to launch.

But market commentators argue Mr Musk‘s intervention on behalf of right-wing political parties, seen most recently in the run-up to Germany’s national elections in which he publicly urged Germans to vote for the AfD, have contributed significantly to the sales decline.

Please use Chrome browser for a more accessible video player

Tesla vandals are ‘terrorists’

Tesla’s sales in Germany were more than 70% lower in February – the month of the election.

Mr Musk’s alignment with Donald Trump in the United States, in which the Tesla boss has led efforts to shrink Federal government spending including through controversial job cuts, has prompted boycotts at home.

US figures released last week showed Tesla customers trading in their cars at record levels.

There have been violent protests too, with the FBI now investigating a series of attacks on Tesla interests including dealerships.

Mr Musk has led funding and job-cutting measures at the newly created Department of Government Effeciency (DOGE), claiming he is seeking to stop government waste, fraud, and abuse.

Critics say his aim is to destroy government departments and ultimately to consolidate his wealth and power.

Please use Chrome browser for a more accessible video player

Teslas targeted as Musk backlash grows

Republican supporters have dubbed Musk’s opponents “Tesla terrorists”.

The most recent reported attack was seen in Austin, Texas, on Monday.

Local police say several “incendiary devices” were found and made safe on a sales forecourt.

Shares in the company lost more than 50% of their market value – a hit worth around $800bn – between December and early March as investors fretted on several fronts, including over the attacks and tariffs.

Another concern was that the company had lost its focus, given the expanding demands on its chief executive’s time.

Please use Chrome browser for a more accessible video player

‘I think Tesla needs a new CEO’

One of Tesla’s most longstanding shareholders told Sky News last week that Mr Musk should step aside unless he quit his Trump administration interests.

The president himself has attempted to help Mr Mush stop the rot by buying a Tesla car in a public show of support.

Tesla shares staged a rally of almost 12% on Monday – partly aided by growing evidence that Mr Trump could exclude the auto sector from new tariffs from 2 April.

Ahmad Assiri, research strategist at the brokerage Pepperstone, said of the challenges facing Tesla: “Musk’s political engagement has triggered a significant backlash, notably evident through explicit calls for boycotts, negatively impacting Tesla’s reputation among substantial segments of consumers and investors, particularly given the implicit political biases.

“This situation further complicates management’s position in handling this adverse environment.”

He added: “Concurrently, China’s BYD continues to gain considerable traction in the EV market, recording rapid growth and becoming increasingly attractive to consumers and investors alike.

“This intensifying competition directly threatens Tesla’s market share”.

Continue Reading

World

Russia ‘making concessions’ and Ukraine ‘happy’ with peace deal talks, says Trump

Published

on

By

Russia 'making concessions' and Ukraine 'happy' with peace deal talks, says Trump

Donald Trump has claimed Russia is “making concessions” in talks to end the Ukraine war – and that Kyiv is “happy” with how talks are progressing.

Speaking to reporters on Air Force One as he flew out to his Florida estate for Thanksgiving, Mr Trump said “we’re making progress” on a deal and said he would be willing to meet with both Vladimir Putin and Volodymyr Zelenskyy once they are close to an agreement.

He also said his previously announced deadline of Thursday, which is Thanksgiving, was no longer in place – and that the White House’s initial 28-point peace plan, which sparked such concern in Kyiv, “was just a map”.

U.S. President Donald Trump looks on aboard Air Force One during travel to Palm Beach, Florida, from Joint Base Andrews, Maryland, U.S., Nov
Image:
U.S. President Donald Trump looks on aboard Air Force One during travel to Palm Beach, Florida, from Joint Base Andrews, Maryland, U.S., Nov

Asked if Ukraine had been asked to hand over too much territory, Mr Trump suggested that “over the next couple of months [that] might be gotten by Russia anyway”.

Moscow’s concessions are a promise to stop fighting, “and they don’t take any more land”, he said.

“The deadline for me is when it’s over,” he added. “And I think everybody’s tired of fighting at this moment.”

Read more: A plan with Russian fingerprints all over it

Before boarding the plane, Mr Trump claimed only a few “points of disagreement” remain between the two sides.

Mr Trump’s negotiator Steve Witkoff will be meeting with Mr Putin in Moscow next week, the president said, while American army secretary Daniel Driscoll is due to travel to Kyiv for talks this week.

The chief of Ukraine’s presidential staff, Andriy Yermak, wrote: “Ukraine has never been and will never be an obstacle to peace. We are grateful to the US for all its support.

“The meeting between the presidents will be thoroughly and promptly prepared on our part.”

Please use Chrome browser for a more accessible video player

‘Ukraine still needs defence support,’ says Zelenskyy

Zelenskyy warns against ‘behind our back’ deal

Yesterday, a virtual “coalition of the willing” meeting that featured Ukraine’s allies took place, which was attended by US secretary of state Marco Rubio.

In a speech, Mr Zelenskyy told attendees: “We firmly believe security decisions about Ukraine must include Ukraine, security decisions about Europe must include Europe.

“Because when something is decided behind the back of a country or its people, there is always a high risk it simply won’t work.”

Please use Chrome browser for a more accessible video player

What is Russia saying about the latest peace talks?

A joint statement from coalition leaders Sir Keir Starmer, Emmanuel Macron, and Friedrich Merz said they had agreed with Mr Rubio “to accelerate joint work” with the US on the planning of security guarantees for Ukraine.

But a Ukrainian diplomat has warned major sticking points remain in the peace deal being thrashed out – primarily the prospect of territorial concessions.

A warning from the Kremlin

Meanwhile, Moscow has stressed that it will not allow any agreement to stray too far from its own objectives.

Russia’s foreign minister Sergei Lavrov warned any amended peace plan must reflect the understanding reached between Mr Trump and Mr Putin over the summer.

“If the spirit and letter of Anchorage is erased in terms of the key understandings we have established then, of course, it will be a fundamentally different situation,” he said, referring to the two leaders’ meeting in Alaska.

Read more:
Zelenskyy races to beat Trump’s peace plan deadline

In full: Europe’s 28-point counterproposal

Please use Chrome browser for a more accessible video player

Standing ovation for Zelenskyy

As negotiations continue, so have Russian attacks, with Kyiv hit by a barrage of missiles and hundreds of drones early yesterday morning.

Seven people were killed with power and heating systems disrupted, as residents sheltered underground.

Meanwhile, three people died and homes were damaged after Ukraine launched an attack on southern Russia.

‘A critical juncture’

French President Emmanuel Macron has said peace efforts are gathering momentum, but “are clearly at a critical juncture”.

And during the annual White House turkey pardon ahead of Thanksgiving, Mr Trump told reporters: “I think we’re getting close to a deal. We’ll find out.

“I thought that would have been an easier one, but I think we’re making progress.”

Continue Reading

World

Trump’s peace plan had Russian fingerprints all over it – and now we know why

Published

on

By

Trump's peace plan had Russian fingerprints all over it - and now we know why

In this story, there’s no substitute for hard news.

To learn of US envoy Steve Witkoff and his Russian interactions is to understand the handbrake turn towards Moscow.

If there was much surprise and confusion about the origins of a peace proposal that had Russian fingerprints all over it, there is less now.

The Bloomberg report of Witkoff’s recent involvement distills eye-watering detail of his contact with Yuri Ushakov, Vladimir Putin’s senior adviser on foreign policy.

Among the revelations, it tells of the American advising the Russian on dealing with Trump.

In a phone call last month, Witkoff told Ushakov that Zelenskyy was coming to visit the White House, and suggested Putin speak to Trump beforehand.

Witkoff reportedly said: “The president will give me a lot of space and discretion to get to the deal.”

He spoke of Trump’s 20-point Gaza peace plan and suggested that “maybe we do the same thing with you”.

Read more:
Who actually wrote Trump’s peace plan?

Steve Witkoff: Real estate mogul turned envoy

Please use Chrome browser for a more accessible video player

What is Russia saying about the latest peace talks?

A good impression of a useful idiot

Subsequently, Witkoff drafted the controversial peace proposal with his Russian counterparts, and the US pressured Ukraine to accept it.

The report paints an unflattering picture of Trump’s envoy doing a good impression of a useful idiot.

There must be serious questions surrounding his engagement with the Russians and serious concerns around consequences that are potentially catastrophic.

Moscow’s threat to Ukraine and to the security infrastructure of Western Europe is strengthened on his handshake.

He’ll press the flesh in Russia once more – Donald Trump is sending Witkoff back to Moscow for further talks aimed at bridging the Ukraine-Russia impasse.

Please use Chrome browser for a more accessible video player

Trump: I think we are getting very close to Ukraine deal

Scandal isn’t what it used to be

Putin has given the Americans little to no encouragement around their reworked plan and Kyiv will shudder at what Trump’s “Mr Fixit” might fix next.

They will despair of his continued involvement at any level and what it says about Trump’s perspective and where his loyalties lie.

In any other job, Witkoff might have been sacked for being irredeemably compromised.

At any other time, this would have been viewed, universally, as a major scandal.

But under Donald Trump, scandal isn’t what it used to be.

Please use Chrome browser for a more accessible video player

‘Ukraine still needs defence support,’ says Zelenskyy

The president and his point man continue to consort with Vladimir Putin.

On the evidence of Steve Witkoff’s interaction, the power dynamic leans less Trump than we might have thought.

Continue Reading

World

Venezuela: Maduro brandishes sword and vows to defy any US attempt to overthrow his government

Published

on

By

Venezuela: Maduro brandishes sword and vows to defy any US attempt to overthrow his government

Venezuelan President Nicolas Maduro has vowed to defy any US attempt to overthrow his government – telling crowds that “failure is not an option”.

The 63-year-old brandished a sword as he addressed supporters during a march in Caracas, against a backdrop of growing tensions with Donald Trump’s administration.

Dressed in camouflage fatigues, Mr Maduro said: “We must be ready to defend every inch of this blessed land from imperialist threat or aggression, no matter where it comes from.”

Maduro was swamped by supporters. Pic: Reuters
Image:
Maduro was swamped by supporters. Pic: Reuters

Since September, US military forces have been conducting a series of strikes against vessels suspected of drug trafficking in international waters, killing at least 80 people.

Washington has claimed that several of these boats had departed from Venezuela, with Mr Maduro describing the deployment as an assault on the nation’s sovereignty.

‘Stop this madness’

Yesterday, Cuba also accused the US of seeking a violent overthrow of Mr Maduro’s government – and called its military presence in the region “exaggerated and aggressive”.

The country’s foreign minister, Bruno Rodriguez, said ousting Venezuela’s leader would be extremely dangerous and irresponsible, not to mention a violation of international law.

He added: “We appeal to the people of the United States to stop this madness. The US government could cause an incalculable number of deaths and create a scenario of violence and instability in the hemisphere that would be unimaginable.”

Please use Chrome browser for a more accessible video player

Is US about to go to war with Venezuela?

Reports suggest the US is planning to launch a new phase of Venezuela-related operations in the coming days.

Critics have questioned the legality of America’s campaign and argue it amounts to extrajudicial killings, with a recent poll suggesting just 29% of voters support this policy.

Officials within Maduro’s government have claimed that Washington’s actions are being driven by economic motives.

Venezuelan minister Delcy Rodriguez said: “They want Venezuela’s oil and gas reserves. For nothing, without paying. They want Venezuela’s gold.

“They want Venezuela’s diamonds, iron, bauxite. They want Venezuela’s natural resources.”

Venezuela's president has remained defiant. Pic: AP
Image:
Venezuela’s president has remained defiant. Pic: AP

Donald Trump, like his predecessor Joe Biden, does not recognise Mr Maduro as the country’s leader.

He is currently on his third term after being declared the winner of last year’s presidential election, despite evidence that the opposition defeated him by a two-to-one margin.

Mr Maduro and senior officials have been repeatedly accused of human rights violations against real and perceived government opponents.

Earlier this week, the US designated Venezuela’s Cartel de los Soles – Cartel of the Suns in English – as a foreign terrorist organisation for importing illegal drugs to the States.

Please use Chrome browser for a more accessible video player

Venezuelan president dances to speech remix

The Trump administration has claimed that Maduro is part of this group, but Venezuelan officials have described its mere existence as a “ridiculous fabrication”.

Speaking to reporters on Air Force One as he travelled to Florida for Thanksgiving, the president suggested he might be planning to talk to Mr Maduro.

“If we can save lives, if we can do things the easy way, that’s fine,” the US president said. “And if we have to do it the hard way, then that’s fine too.”

Read more world news:
Russia ‘making concessions’, Trump says
Four more arrests over Louvre heist
Brazil’s Bolsonaro begins 27-year jail term

Please use Chrome browser for a more accessible video player

US strikes alleged drug boat

Carlos Diaz Rosillo, a former US deputy assistant secretary of defence during the first Trump administration, does not believe America will go to war with Venezuela.

He told The World With Dominic Waghorn: “What I do see is a strategy of maximum pressure on the regime. I do think if there’s any change, that change has to come from within the military.”

Dr Rosillo said the official position of the US government is not regime change, but Mr Trump would like to see that happen in Venezuela.

Continue Reading

Trending