Its sales Tesla fell by 62% in the last quarter in Germanyan evolution that the outgoing finance minister sees as an opening for the country’s automakers.
Tesla sorted 4,935 new vehicles in the first three months, more than 1/3 of the sales it made last year (2024), according to Germany’s federal transport authority, according to a Bloomberg report. Sales dropped 43% in March after declines in February and January.
The Tesla plant outside Berlin was among the factory where the company changed production lines during the quarter to build the redesigned Model Y, its most popular vehicle. At the same time, he also faced the intervention of Managing Director, Elon Musk in the German federal elections, which sparked reactions in February.
“Passion for Tesla has suffered a lot in recent weeks and months,” Germany’s Minister of Finance Robert Hambek said today (3.4.2025), adding that “this is perhaps a good opportunity for the car industry in Germany – that a gap in the market has been in the market.”
The fall of Tesla last month opposed a 36% jump on sectoral registrations of new electric vehicles in Germany. The company announced yesterday that its worldwide sales declined the first quarter to the lowest level since 2022.