KEY TAKEAWAYS
Tesla ( TSLA ) sales in the European Union (EU) tumbled for a second consecutive month in February, even as overall new electric vehicle registrations increased.
According to the European Automobile Manufacturers' Association, Tesla EU new car registrations, which serve as a proxy for sales, plunged 47% year-over-year to 11,743 cars in February, a month after they plummeted 50%.
Meanwhile, battery-electric vehicle (BEV) registrations in the bloc jumped nearly 24% overall.
Tesla shares are 2% higher in premarket trading Tuesday after
soaring 12%
to lead the
S&P 500
yesterday. Still, Tesla shares are down more than 30% in 2025, weighed upon by concerns that CEO Elon Musk's role at the Department of Government Efficiency is a
distraction
from running the EV maker. Its weak sales in Europe as well as in China, a key market, have also hurt its stock.
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