EconomyLens.com
No Result
View All Result
Tuesday, September 15, 2026
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

Tesla sales fall in Germany as Musk backs far right

Emma Reilly by Emma Reilly
February 5, 2025
in Economy
Reading Time: 4 mins read
A A
1
53
SHARES
668
VIEWS
Share on FacebookShare on Twitter

Tesla owner Elon Musk has backed the far-right AfD ahead of polls in Germany. ©AFP

Frankfurt (Germany) (AFP) – Tesla sales plunged in Germany last month, official data showed Wednesday, after billionaire owner Elon Musk waded into the country’s election campaign by vocally backing the far right. Just 1,277 of the US firm’s electric cars were registered in Europe’s biggest auto market in January, down nearly 60 percent year-on-year, the KBA federal transport authority said. Like other electric carmakers, Tesla has seen its sales fall in Germany over the past year after the government withdrew subsidies, and amid a broader slowdown in demand for EVs in Europe.

Related

China retail sales growth weakens further in August

EU extends Russia sanction deadline

Canada makes pitch as safe place to invest in ‘uncertain world’

US invites Venezuela to G20 energy summit

France, Iraq deepen energy, defence ties during Zaidi visit

But the drop for Musk’s firm in January contrasted with a rebound in the broader electric car sector in the country. Musk, a close adviser to US President Donald Trump, has sparked controversy by backing the far-right Alternative for Germany (AfD) party ahead of the February 23 polls and repeatedly insulting the country’s political leaders. Even before Musk voiced his strong support for the party, the AfD had been rising in the polls and is now second-placed behind the centre-right CDU party.

The Tesla boss’s behaviour is “extremely damaging”, Ferdinand Dudenhoeffer, director of the Center Automotive Research institute in Germany, told AFP. “Nobody wants to be associated with it…Tesla and Musk are almost inextricably linked.” Musk also drew criticism in Germany over his gesture at an inauguration event for Trump that critics likened to a Nazi salute, an accusation that the Tesla boss has rejected. Afterwards, activists projected an image of the salute and the word “Heil” onto the outside of Tesla plant near Berlin.

Last month total electric car sales in Germany rebounded by over 53 percent from a year earlier, with 34,498 sold, the KBA data showed. However, sales in the same month in 2024 were very low as government subsidies had only recently been phased out, and overall the figure for January 2025 was still quite subdued. But the sector is expected to recover in 2025, with manufacturers forced to slash prices for EVs as they race to sell more to hit stricter EU carbon emissions targets.

© 2024 AFP

Tags: electric vehiclespoliticsTesla
Share21Tweet13Share4Pin5Send
Previous Post

US trade gap swells as Trump renews scrutiny of deficits

Next Post

Google shares slump as trade tensions rattle markets

Emma Reilly

Emma Reilly

Related Posts

Economy

US hosts G20 ‘energy abundance’ talks amid Iran war shock

September 14, 2026
Economy

Canada’s Carney seeks closer Europe ties to counter hostile US

September 14, 2026
Economy

Lights out in Laos as electricity exports surge

September 12, 2026
Economy

Europe saw record summer air traffic despite Mideast war: Eurocontrol

September 11, 2026
Economy

US braces for inflation report that may push Fed to hike rates

September 10, 2026
Economy

Carney says in touch with Trump, Canada ready for ‘fair’ trade deal

September 10, 2026
Next Post

Google shares slump as trade tensions rattle markets

French PM survives no-confidence votes

Disney profits rise on strong 'Moana 2' sales

Google shares slump but other AI gains lift US stocks

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
1 Comment
Oldest
Newest Most Voted
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

104

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

EU to propose curbing social media, online games for under 15s

September 15, 2026

Markets on edge as US Fed meets to tackle high inflation

September 15, 2026

Ukraine winemakers defy war to make a splash at home

September 15, 2026

Stocks drop, oil climbs and Treasury yields hit 19-year high

September 15, 2026
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Your Privacy Choices

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2026 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.