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Fortune
Fortune
Christiaan Hetzner

Tesla’s monthly sales slump 40% across Europe, new data shows

Tesla Inc. European Union Europe Elon Musk ACEA
White House Senior Advisor Elon Musk walks to the White House after landing in Marine One on the South Lawn in Washington, DC. (Credit: Samuel Corum—Getty Images)
  • Tesla's share of Europe's EV market more than halved to just 10% in February, but last month likely marked the worst for the brand as the newer Model Y starts to roll out to customers who were waiting for its March arrival.

The full and unvarnished picture of Tesla’s plunging sales and dwindling market share in Europe has now emerged, thanks to new data, and it’s not pretty. The good news for investors, however, is the pain may finally be finding a bottom. 

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