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Tom Jones

New data shows Tesla sales dropped 40% across Europe in February, down 47% within the EU itself

From San Diego to Stuttgart, it’s starting to feel like you could throw a dart at a world map and guarantee, with some level of certainty, that Tesla sales are slumping there in 2025.

Elon Musk’s electric vehicle company has seen sales in Europe tank for the second month in a row this year, as new data reveals Tesla registrations on the continent fell from 28,182 in February last year to just under 16,888 last month — a 40.1% fall. While that figure includes the UK and other markets, the drop was even steeper across European Union nations, where sales slipped some 47%, per the European Automobile Manufacturers’ Association.

While the February fall might have been slightly more palatable than the 45% year-on-year drop in January, it still doesn’t make great reading for execs, for whom a slew of new models can’t come soon enough. Especially as competition from the likes of BMW, Volkswagen, and Chinese EV makers heats up on, and beyond, the continent.

Though Tesla shares were ripping yesterday, as investors allowed themselves to get a little excited about potential tariff relief and new smart driving assistance tech in China, the stock is still down 31% for the year so far.

While the February fall might have been slightly more palatable than the 45% year-on-year drop in January, it still doesn’t make great reading for execs, for whom a slew of new models can’t come soon enough. Especially as competition from the likes of BMW, Volkswagen, and Chinese EV makers heats up on, and beyond, the continent.

Though Tesla shares were ripping yesterday, as investors allowed themselves to get a little excited about potential tariff relief and new smart driving assistance tech in China, the stock is still down 31% for the year so far.

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Taco Bell is named the fastest drive-thru for a fifth year, but it may have lost a human touch with AI

Though Chick-fil-A was the slowest fast-food drive-thru, it was considered the friendliest, per the latest QSR report. At the Golden Arches, however, customers weren’t lovin’ the vibe.

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Amazon doubles down on groceries with new private-label collection, sending grocery stocks lower

Amazon on Wednesday launched Amazon Grocery, a new private-label food brand that combines its Fresh and Happy Belly lines into one collection.

The label covers more than 1,000 staples, from milk and eggs to olive oil and fresh meat, with most items priced under $5. Shares of Amazon were little changed, but grocery-selling rivals Target, Walmart, and Kroger all slipped around 2% following the announcement. Costco also slipped about 1%.

The launch highlights Amazon’s growing push into both grocery and private-label essentials as more customers trade down to cut costs. In August, the e-commerce giant added perishable groceries to same-day delivery in 1,000 cities and towns across the country.

At the same time, Amazon said shoppers purchased 15% more private-brand products in 2024 compared to the previous year across Amazon.com, Whole Foods Market, and Amazon Fresh.

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Ford sales climb for 7th straight month as EVs hit a quarterly record on tax credit expiration

September marked another banner month for Ford’s electric vehicle business, with EV sales climbing 85% from the same month last year to more than 11,700 units.

For the third quarter as a whole, Ford’s electrified unit sales grew nearly 20%. That’s the division’s best Q3 on record, boosted by the looming end of the $7,500 federal tax credit on Tuesday. Ford, with rival GM, has found some ways to extend that credit in the hopes of keeping sales stable.

Overall, Ford sales rose 8.2% on the quarter, and September was the automaker’s seventh straight month of sales gains. Ford sales have been buoyed this year by panic buying: first from fears of tariff price hikes (and Ford’s strong incentives), and lately from the EV credit expiration.

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