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Tesla's Sales in Europe Fall to a 15-Month Low
(Bloomberg) -- Tesla Inc. got off to a sluggish start to the second quarter in Europe, where Chief Executive Officer Elon Musk was expecting a much better showing than the first few months of the year.Most Read from BloombergOne Dead After Singapore Air Flight Hit By Severe Turbulence‘It Felt Like We Had Crashed’: Singapore Air Passenger Describes Turbulence TerrorThese Flight Routes Suffer the World’s Worst TurbulenceBarclays Managers Warn Some Staff to Prepare for Five Days a Week in OfficeThe
Tesla similarly reported a downturn in shipments from its Shanghai factory for the month, in contrast with strong growth for China’s broader plug-in car industry. Musk told investors on April 23 that the company expected to bounce back from several issues that affected production in the first quarter, including Red Sea shipping disruptions and the suspected arson of power lines near its German sport utility vehicle plant. Countries including Germany and Sweden have ceased or dialed back EV subsidies in recent months, which has put a damper on Europe’s sales growth.
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