Saad Ullah
⬤ Tesla's rough patch in Europe just got worse. France registrations collapsed 42% in January, hitting 661 vehicles—the weakest showing since July 2022. It's a brutal start to the year for the EV giant in one of Europe's biggest car markets, and the numbers suggest this isn't just a blip.
⬤ Looking at the data, there's no sugarcoating it: Tesla France registrations have been sliding for months, and January's drop takes things to a new low. The chart paints a clear picture—volumes that stayed relatively healthy through 2023 and early 2024 have now cratered. We're talking about a multi-year low here, not just a seasonal dip.
⬤ France isn't alone in the struggle. Norway—historically one of Tesla's strongest European strongholds thanks to sky-high EV adoption—saw registrations nosedive 88% in January. When even your best markets start turning south like that, it's a red flag that something bigger is happening with near-term demand across the continent.
⬤ Why does this matter? Europe's a critical piece of Tesla's global sales puzzle. When registrations keep falling across multiple countries like this, it shifts expectations around delivery numbers and how Tesla stacks up against competition in the EV space. Traders will be watching European registration trends closely throughout the year—these numbers could fuel more volatility in TSLA as the market tries to figure out whether this is a temporary rough patch or something more serious.
Saad Ullah
