‘We are at a worrying level’

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‘We are at a worrying level’

Tesla sales continued to plummet in France in April, and analysts are eyeing whether the latest troubling news for the automaker could be indicative of a larger issue.

Fortune

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this month that Tesla sales fell 59% in France for April compared to April 2024 figures. French car body PFA also tracked 44% fewer registrations compared to the same ******* in 2024.

Tesla’s slump in the European Union’s third-biggest car market is in line with its sales across the bloc, with the European Automobile Manufacturers’ Association documenting a 45% drop.

Analysts suggest Tesla’s troubles indicate a larger economic problem could be looming for consumers, according to

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.

While CEO Elon Musk’s approach as the de facto head of the cost-cutting U.S. Department of Government Efficiency and

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has damaged the Tesla brand, contributing to the sharp sales decline in multiple markets, car sales in France overall also slowed in April — and that includes sales of EVs.

“We are at a worrying level in the market, which is very low compared to the pre-Covid *******,” PFA head Nicolas Le Bigot

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Fortune, adding that French buyers are in “a situation of economic uncertainty” exacerbated by the Trump administration’s trade war.

In April, President Donald Trump announced a 90-day pause on many tariff hikes — a move French President Emmanuel Macron referred to as “fragile,” per

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“This 90-day pause means 90 days of uncertainty for all our businesses, on both sides of the Atlantic and beyond,” Macron

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on the social media platform X.

Even though EV sales in France declined in April along with other car sales, the EV market is still on the up and up overall — and there are key reasons why.

For one, EVs are generally

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than gas-guzzling vehicles, as they have far fewer moving parts and don’t rely on expensive fuels, making them attractive to consumers whether they are buying new or used.

They also contribute to healthier and cleaner air quality in the long term because they don’t spew asthma-linked, heat-trapping pollution when driven.

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#worrying #level

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