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.
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
Related Topics:
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
1:02
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
1:10
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
6:41
‘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.
All eyes were on Donald Trump and Vladimir Putin as they met for the first time in more than six years, the Russian president visiting the US for high-stakes talks that could reshape the war in Ukraine.
The two leaders greeted each other with a handshake after stepping off their planes at the Elmendorf-Richardson military base in Anchorage, Alaska – and a smiling Trumpeven applauded Putinas he approached him on a red carpet that had been laid out.
It is exactly the moment Putin has craved, writes Moscow correspondent Ivor Bennett. The Russian leader has been welcomed on to US soil as an equal for a meeting of great powers.
If that wasn’t enough, there followed a military flypast to dress the spectacle.
A smiling Putin seemed duly impressed, but what it says about the power dynamic in the relationship will trouble onlookers in Ukraine – and one moment they may have found particularly galling.
Posing for photographs with Trump before waiting media, Putin was asked: “Will you stop killing civilians?”
It was made in a rare interview with one of the key commanders of Ukraine’s drone forces.
We met in an undisclosed location in woods outside Kyiv. Brigadier General Yuriy Shchygol is a wanted man.
There is a quiet, understated but steely resolve about this man hunted by Russia. His eyes are piercing and he speaks with precision and determination.
Image: Brigadier General Yuriy Shchygol has been in charge of several devastating drone strikes against Russia
His drone units have done billions of dollars of damage to Russia’s economy and their range and potency is increasing exponentially.
More on Russia
Related Topics:
“Operations”, he said euphemistically, “will develop if Russia refuses a just peace and stays on Ukrainian territory”.
“Initially, we had a few drones a month, capable of striking targets 100 to 250 kilometres away. Today, we have drones capable of flying 3,000 to 4,000 kilometres, and that’s not the limit, it’s constrained only by fuel supply, which can be increased”.
Image: A Ukrainian drone struck this building in Kursk, Russia, on Friday. Pic: Kursk regional government/AP
Image: Cars were also damaged in the strike. Pic: Kursk regional government/AP
His teams had just carried off one of their most complicated and most devastating strikes yet. A massive fire was raging in an oil refinery in Volgograd, or Stalingrad as it was once called.
“If the refinery is completely destroyed, it will be one of the largest operations conducted,” Brigadier General Shchygol said. “There have been other major targets too, in Saratov and Akhtubinsk. Those refineries are now either non-operational or functioning at only 5% of capacity.”
Oil is potentially Vladimir Putin’s Achilles heel. So much of his economy and war effort is dependent on it. Donald Trump could cripple Russia tomorrow if he sanctioned it but so has appeared reluctant to do so, a source of constant frustration for the Ukrainians.
Military activity on both sides has increased as diplomacy has picked up pace.
Please use Chrome browser for a more accessible video player
1:35
Moscow correspondent: What’s Putin’s strategy?
Follow The World
Listen to The World with Richard Engel and Yalda Hakim every Wednesday
In another long-range attack, Ukraine says it hit the port of Olya in Russia’s Astrakhan region, striking a ship loaded with drone parts and ammunition sent from Iran.
But on the ground, Russian forces have made a surprise advance of more than 15km into Ukrainian territory.
Ukraine says the intrusion can be contained, but it adds to fears about its ability to hold back the Russians along the 1000-mile frontline.
Image: Russian soldiers prepare to launch a Lancet drone in an undisclosed location in Ukraine. Pic: Russian Defence Ministry Press Service/AP
Russia launches almost nightly drone attacks on Ukraine’s cities, killing civilians and striking residential targets.
General Yuriy says Ukraine picks targets that hurt Russia’s war effort, and it is constantly honing its capability.
“Each operation”, he says, “uses multiple types of drones simultaneously, some fly higher, others lower. That is our technical edge.”
How satisfying, I asked, was it to watch so much enemy infrastructure go up in smoke? He answered with detached professionalism.
“It does not bring me pleasure, war can never be a source of enjoyment. Each of us has tasks we could fulfil in peacetime. But this is war; it doesn’t bring satisfaction. However, it benefits the state and harms our enemy.”
Whatever happens in Alaska, General Yuriy and his teams will continue pioneering drone warfare, hitting Vladimir Putin’s economy where it hurts most.
India’s Prime Minister has warned Pakistan it will not succumb to, or tolerate, nuclear blackmail.
In Narendra Modi’s 12th consecutive speech from the ramparts of Delhi’s iconic Red Fort, he addressed the nation celebrating its 79th Independence Day from colonial Britain.
He laid emphasis on ‘Atmanirbhar’, or self-reliance, in defending India by increasing and developing a more powerful weapons system for security.
Mr Modi said: “India has decided, we will not tolerate nuclear blackmail. We have established a new normal. Now we will not distinguish between terrorists and those who nurture and support terrorists. Both are enemies of humanity”
Image: The historic Red Fort in Delhi has traditionally been the venue for the prime minister’s Independence Day address. Pic: Reuters
Image: Pic: AP
Image: Narendra Modi (top centre) waves after his speech in Delhi. Pic: Reuters
After four days of fighting, a ceasefire was agreed to between the two nuclear-armed neighbours that have fought wars and many skirmishes over decades.
More on India
Related Topics:
US President Donald Trump intervened saying: “I know the leaders of Pakistan and India. I know [them] very well. And they’re in the midst of a trade deal, and yet they’re talking about nuclear weapons… this is crazy.
“I’m not doing a trade deal with you if you’re going to have war, and that’s a war that spreads to other countries, you’ll get nuclear dust. When they start using nuclear weapons, that stuff blows all over the place and really bad things happen.”
Please use Chrome browser for a more accessible video player
2:58
India and Pakistan agree on ceasefire
Pakistan Prime Minister Shehbaz Sharif immediately thanked the American president for the ceasefire and bringing about peace and stability in the region, also recommending him for the Nobel Peace Prize as a genuine peacemaker and his commitment to conflict resolution.
Mr Modi’s government is yet to acknowledge President Trump’s intervention and maintains that the Pakistani military initiated the ceasefire process and India agreed to halt military action.
Please use Chrome browser for a more accessible video player
5:52
‘Pakistan has the upper hand’
In parliament, India’s Foreign Minister Subrahmanyam Jaishankar said: “There was no leader… nobody in the world that asked India to stop its operations. This is something the prime minister also said. There was no linkage of trade in any of these conversations and there was no talk between the prime minister and President Trump.”
Mr Modi’s speech is an audit of the year gone by and his future plans of strengthening the economy and of self-reliance in the face of very high tariffs imposed by President Trump for buying discounted Russian oil.
He spoke of bringing in structural reforms, welfare schemes for farmers, women’s empowerment, employment, technology, clean energy and the green industry, but also raised concerns about rising obesity levels.
Image: Schoolchildren dressed with tree leaves perform during Independence Day celebrations in Kolkata. Pic: AP
Image: Assam Police Commandos in a motorbike formation at a parade in Guwahati. Pic: AP
India has the fourth largest economy in the world and is expected to be the third largest before Mr Modi’s current term ends in 2029.
Although when it comes to GDP per capita income, which serves as an indicator of individual prosperity, India is ranked 144 out of 196 countries.
The big economy illusion of GDP size has little to do with the well-being and fortune of its people, something the government refuses to acknowledge.
Follow The World
Listen to The World with Richard Engel and Yalda Hakim every Wednesday
In its 2024 report, Paris-based World Inequality Lab said the inequality in India now is worse than under British rule. The research stated that 1% of the wealthiest Indians hold 40% of its wealth and enjoy a quarter of the nation’s income.
Comparing the ‘British Raj’ to the ‘Billionaire Raj’, the study said there are now 271 billionaires in the country and 94 new ones were added the previous year. The rise of top-end inequality in India has been particularly pronounced in terms of wealth concentration in the Modi years between 2014-15 and 2022-23.
Please use Chrome browser for a more accessible video player
3:50
Explained: The UK-India trade deal
With over 1.46 billion people, India is the most populous country, making up 17.8% of the global population.
More than half the country is under 30, and it has one of the lowest old-age dependency ratios, enabling productivity, higher savings and investment.
A key challenge for the government is to match employment with its growing young population. It’s even more critical as artificial intelligence (AI) is increasingly used in production and services, eating into jobs.
Image: Indian Army’s Bihar Regiment marching in Kolkata during Independence Day celebrations. Pic: AP
Image: Bagpipers from Jammu Kashmir Police performing in Srinagar, Indian-controlled Kashmir. Pic: AP
Last week, President Trump levied an additional 25% tariff on India for buying Russian oil, taking the total tariff level to over 50% and hitting Indian manufacturing and trade.
“I don’t care what India does with Russia. They can take their dead economies down together,” the president said.
Defending its stance, India says it does so for its energy security and to protect millions of its citizens from rising costs.
It’s a national day of celebration with patriotic fervour all around, but also a grim reminder of the tragedy of partition – the trauma of which still haunts its people.