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Elon Musk Backlash Turns Into Global Sales Slump for Tesla

Financial Express Lucknow

|

April 03, 2025

If there is any place Tesla should be thriving, it's Norway. Electric vehicles account for more than 90 percent of new car sales in the Scandinavian country, and buyers here are among the most sophisticated in the world when it comes to understanding the nuances of batteries, charging and range.

- Melissa Eddy & Jack Ewing

So it hardly bodes well for Tesla that its sales in Norway have declined more than 12% so far this year. Sales for the first three months of the year were even worse in Denmark, France, the Netherlands and Sweden.

In fact, Tesla's sales have been on a steep downward trend around the world. The company said on Wednesday that its global sales in the first quarter fell 13% from a year earlier.

Tesla said that it delivered nearly 337,000 cars during the quarter. That is down from 387,000 in the first three months of 2024 and less than in any period since the second quarter of 2022.

FLERE HISTORIER FRA Financial Express Lucknow

Financial Express Lucknow

Auto tech funding in Delhi-NCR rises fivefold in Jan-Sept

AUTO TECH FUNDING in Delhi-National Capital Region (NCR) has risen 517% in the first nine months of 2025, netting $1.3 billion compared with $218 million in the same period of 2024.

time to read

1 min

November 26, 2025

Financial Express Lucknow

'With Sierra, we're targeting SUV market share of 20-25%'

Tata Motors relaunched the Sierra on Tuesday. Shailesh Chandra, MD and CEO, Tata Motors Passenger Vehicles, tells Akbar Merchant the SUV should appeal to younger buyers looking for something different in terms of styling, a premium feel and who want their SUVs to reflect their personality. Excerpts:

time to read

1 mins

November 26, 2025

Financial Express Lucknow

New norms for debenture trustees unveiled

ISSUING DETAILED GUIDELINES for debenture trustees (DTs), Sebi on Tuesday said they need to have a separate business entity for carrying out non-Sebi regulated financial activities.

time to read

1 min

November 26, 2025

Financial Express Lucknow

The quest for cultural relevance

LIVE EVENTS CAN PROVIDE A SPIKE IN SALES AND VISIBILITY BUT ARE YET TO EMERGE AS A MAJOR REVENUE STREAM

time to read

3 mins

November 26, 2025

Financial Express Lucknow

Labour codes to push social security cover to 85% in 3 yrs: SBI Research

THE IMPLEMENTATION OF the four new labour codes will boost social security coverage to 85% in next 2-3 years and would generate additional employment for 7.7 million people, a report by the State Bank of India Research said on Tuesday. It, however, cautioned about the possibility of short-run frictions followed by medium-run gains as compliance costs fall and formal hiring expands.

time to read

1 mins

November 26, 2025

Financial Express Lucknow

Ayni exit may limit regional outreach

As geopolitical competition intensifies in Central Asia, India will have to prioritise transparent and reliable connectivity strategies

time to read

3 mins

November 26, 2025

Financial Express Lucknow

Govt may divest 25% in infra lender IIFCL

IPO TO INCLUDE FRESH EQUITY & STAKE SALE

time to read

1 mins

November 26, 2025

Financial Express Lucknow

Cabinet nod to rare earth PLI soon

₹7,300-CRORE SCHEME TARGETS 6,000-TONNE MANUFACTURING ECOSYSTEM

time to read

2 mins

November 26, 2025

Financial Express Lucknow

Tata relaunches Sierra starting at ₹11.49 lakh

TATA MOTORS RELAUNCHED the popular Sierra model on Tuesday with the price starting at ₹11.49 lakh (ex-showroom, introductory).

time to read

1 min

November 26, 2025

Financial Express Lucknow

Jubilant FoodWorks pulls ahead of peers with quick service

. Reports strong same-store sales growth for fourth straight quarter

time to read

2 mins

November 26, 2025

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