$Tesla(TSLA.US) May Europe registrations continue to show significant YoY declines, despite seemingly ample new Model Y Juniper inventories. The exception was Norway, which posted a +213% YoY increase propelled by surging EV adoption. Overall, we forecast a -31% YoY decline in May EU registrations following the -49% YoY decline in April and -37% YoY decline in 1Q.
TSLA May YoY % declines by market where registrations are already reported:- France -67%- Portugal -68%- Netherlands -36%- Sweden -54%- Spain -29%- Belgium -47%- Hungary -27%- Denmark -31%- Norway +213% (EV adoption continues to increase, reaching 93% in May)The most likely reason for the continuation of weak Jan-April sales into May is TSLA brand taint associated with Elon’s right-leaning political rhetoric and DOGE activity. For those who suggest the lack of Model Y Juniper inventory is the main source of weakness, please note there is plenty of Model Y Juniper inventory available in Europe for sale on Tesla's website at a premium vs old Model Y inventory. You can scroll down here:The copyright of this article belongs to the original author/organization.
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