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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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Ford dips as another large fire breaks out at the New York Novelis aluminum plant

Shares of US auto giant Ford are down more than 2% on Thursday morning following reports of another major fire at its primary aluminum supplier’s plant in Oswego County, New York.

Local media reported that a four-alarm fire broke out at the Novelis plant, which supplies 40% of the aluminum sheet for the US auto industry, on Thursday morning.

Last month, Ford said a September fire at the plant would hit its earnings by between $1.5 billion and $2 billion in the fourth quarter. The company said it would be able to mitigate about $1 billion of that next year.

As of 10:15 a.m. ET, local officials said the fire is under control and everyone had been safely evacuated. Novelis previously said it would be able to restart operations at the part of the plant most damaged by the September fire next month.

Last month, Ford said a September fire at the plant would hit its earnings by between $1.5 billion and $2 billion in the fourth quarter. The company said it would be able to mitigate about $1 billion of that next year.

As of 10:15 a.m. ET, local officials said the fire is under control and everyone had been safely evacuated. Novelis previously said it would be able to restart operations at the part of the plant most damaged by the September fire next month.

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Archer Aviation strikes deal to supply electric propulsion system to Anduril, bolstering its path to revenue

Archer Aviation announced its new agreement with Anduril after the market closed on Monday.

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Ford partners with Amazon to sell its used vehicles online

Beginning today, many Amazon shoppers can add a pre-owned Ford to cart.

The partnership, announced by the two companies on Monday, will begin in Los Angeles, Dallas, and Seattle, with plans to expand.

According to Ford, every vehicle sold through Amazon will have been “inspected, reconditioned, and comes with a Ford warranty, Ford Rewards points, and in some cases, a money-back guarantee.”

Shares of used car retailers Carvana and CarMax dipped in early trading on the news. Similar patterns occurred when Amazon Autos announced a partnership with Hyundai late last year, and another with rental giant Hertz in August.

According to Ford, every vehicle sold through Amazon will have been “inspected, reconditioned, and comes with a Ford warranty, Ford Rewards points, and in some cases, a money-back guarantee.”

Shares of used car retailers Carvana and CarMax dipped in early trading on the news. Similar patterns occurred when Amazon Autos announced a partnership with Hyundai late last year, and another with rental giant Hertz in August.

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