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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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GM has reportedly rehired more than 100 former Cruise employees, 18 months after shuttering the robotaxi unit

GM has rehired more than 100 employees it let go early last year when it shuttered Cruise, its former robotaxi business, according to reporting by The Information.

The hiring spree, which also includes employees from Nvidia and Uber, is geared toward ramping up GM’s plans for personal-use self-driving vehicles and not robotaxis. The former had been the focus of Cruise, prior to GM shuttering it in 2024.

Reporting last fall revealed that GM was attempting to rehire some former Cruise employees, but the scope of that effort wasn’t clear. More than 1,000 employees were laid off when the automaker scrapped Cruise, which it invested $10 billion into.

Google’s Waymo, Cruise’s former chief rival, is now worth $126 billion after a $16 billion funding round earlier this year. The company says it’s serving 500,000 paid robotaxi rides per week in the US.

Reporting last fall revealed that GM was attempting to rehire some former Cruise employees, but the scope of that effort wasn’t clear. More than 1,000 employees were laid off when the automaker scrapped Cruise, which it invested $10 billion into.

Google’s Waymo, Cruise’s former chief rival, is now worth $126 billion after a $16 billion funding round earlier this year. The company says it’s serving 500,000 paid robotaxi rides per week in the US.

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