Electric cars and hybrids continue to be popular in Germany, while sales of traditional gasoline and diesel cars are falling significantly.
At the same time, the company Tesla, specializing in the production of electric cars, has significant losses in the market. This is reported by Spiegel.
According to the Federal Transport Authority of Germany, in February, 35,949 new electric cars were registered in the country.
This is 30.8% more than in February last year. At the same time, Tesla sales fell by 76%, which contradicts the general trend of growing demand for electric cars.
Electric cars now account for 17.7% of the German car market, while hybrid models have become the dominant vehicles with 38.2%.
Demand for traditional internal combustion engines is declining, with new diesel cars accounting for just 15.8% of registrations and gasoline cars for 28%.
By comparison, at the beginning of the year, among all registered cars in Germany, 60.6% were gasoline and 28% were diesel.
Despite the overall growth of electric cars, experts do not see a significant breakthrough.
The popularity of Tesla electric cars is declining, not only in Germany. In February, its sales fell in France, Sweden, Norway and Denmark by 42-48%.
Tesla is also facing difficulties not only in Europe, but also in its key market – China.
In February, the company’s sales there fell 49%, and Tesla shares lost 5% of their value in just one day.
Since mid-December, the company’s market capitalization has fallen by more than a third.
It is also reported that Elon Musk lost 111 billion dollars because of the fall in Tesla shares and new U.S. tariffs.
The businessman’s fortune since December 17, 2024, has decreased by $110.8 billion to $353.2 billion.
This decrease is due to the fall in the value of Tesla shares, which occurred against the background of the introduction of new tariffs against Canada and Mexico by the U.S. President.
VIDEO. The Art of Value host JJ discusses the recent 40% Tesla stock (TSLA) price crash.
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