Tesla's sales in France plummeted 67%, hitting a three-year low

2025-06-02 18:30:28

Tesla Inc.'s new car registrations in France fell further, undermining Chief Executive Elon Musk's assertion last month that the company had recovered from a sales slump at the start of the year. The automaker sold just 721 vehicles in May, down 67% from a year earlier, according to French auto industry association Plateforme Automobile. Tesla's registrations fell to their lowest level since July 2022, despite the launch of a redesigned version of its best-selling Model Y. Tesla shares fell as much as 2.3% before the start of regular trading on Monday, and the stock has fallen 14% so far this year.

Elon Musk Tesla

Email Subscription

Newsletters and emails are now available! Delivered on time, every weekday, to keep you up to date with North American business news.

Weekly Highlights

                                    Air India flight returns after takeoff due to technical issues
                            2025-06-16

                                    Southbound funds made a large net purchase of 5.743 billion yuan today. In terms of Hong Kong Stock Connect (Shanghai), China Construction Bank and Meituan-W received net purchases of HK$1.108 billion and HK$493 million respectively; Xiaomi Group-W ranked first in net sales, with an amount of HK$1.489 billion; in terms of Hong Kong Stock Connect (Shenzhen), Meituan-W and Kangfang Biopharma received net purchases of HK$622 million and HK$206 million respectively; Xiaomi Group-W ranked first in net sales, with an amount of HK$391 million.
                            2025-06-16

                                    Arm (ARM.O): We are better than Nvidia on a wider range of platforms.
                            2025-06-12

                                    Espressif: Wi-Fi 7 and AI computing chips will be launched in the next two to three years
                            2025-06-19

                                    JD.com: Stablecoin is being tested in the Hong Kong Monetary Authority and is expected to be launched in the fourth quarter of this year
                            2025-06-19