Tesla’s European sales figures don’t bode well for Q1 deliveries tomorrow
Elon Musk’s electric vehicle company releases first-quarter delivery numbers before the market opens tomorrow, but Tesla sales numbers from France, Sweden, Denmark, Norway, and the Netherlands are out today. And they don’t look good for the firm’s promised “return to growth” this year.
In March, Tesla registrations were down for the third straight month in a number of European markets, for a quarterly decline of 41% in France, 55% in Sweden, 12.5% in Norway, 56% in Denmark, and 49.7% in the Netherlands, Reuters reports. Europe is Tesla’s biggest market after China and the US.
A Tesla-compiled list of analyst estimates suggests the company will deliver 377,592 electric vehicles in Q1, a year-over-year decline of more than 2%.
Tesla’s stock is up 1.6% premarket, though it’s down 35.8% year to date.
In March, Tesla registrations were down for the third straight month in a number of European markets, for a quarterly decline of 41% in France, 55% in Sweden, 12.5% in Norway, 56% in Denmark, and 49.7% in the Netherlands, Reuters reports. Europe is Tesla’s biggest market after China and the US.
A Tesla-compiled list of analyst estimates suggests the company will deliver 377,592 electric vehicles in Q1, a year-over-year decline of more than 2%.
Tesla’s stock is up 1.6% premarket, though it’s down 35.8% year to date.
