Spain's new Tesla registrations fall 28.6% year-on-year in May to 794 cars, ANFAC industry group says

Spain's new Tesla registrations fall 28.6% year-on-year in May to 794 cars, ANFAC industry group says

Spain's new Tesla registrations fell by 28.6% year-on-year in May, according to data released by the ANFAC industry group. This marks a significant decrease in sales for the electric vehicle (EV) manufacturer, which has been facing challenges in various global markets.

In May 2025, Tesla registered 794 new cars in Spain, compared to 1,117 in the same month of the previous year. This decline comes amidst a broader trend of slowing sales for Tesla across Europe. In January 2025, Tesla sales in Germany, for instance, dropped by 59.5% year-on-year, and in France, sales fell by 63.4% [1].

Tesla's struggles in Europe are part of a larger trend of declining sales in key markets. In the United States, Tesla's sales fell by 11% in January 2025, while in China, sales decreased by 15.5% [2]. The company has also faced challenges in its European operations, with sales in the UK falling by 7.78% in January and 20.7% in February [3].

The decrease in sales has been accompanied by a drop in Tesla's stock price. Since the beginning of 2025, Tesla's shares have fallen by 53% from their December record high, wiping out around $460 billion from the market cap [4]. This downturn has also impacted Elon Musk's personal fortune, with his net worth falling by nearly $90 billion in the first two months of 2025 [5].

Tesla's performance in Europe is particularly concerning given the region's growing interest in EVs. In 2024, Tesla was the second best-selling EV brand in China and the best-selling vehicle globally with the Model Y [6]. However, the company's poor performance in Europe suggests that it is struggling to maintain its market leadership in the region.

Despite the challenges, Tesla remains a significant player in the EV market. The company's global sales fell by 13% year-on-year in the first quarter of 2025, with deliveries totaling 336,681 vehicles [7]. Tesla's struggles in Europe are likely to continue in the coming months, but the company is expected to focus on its strongholds in the United States and China.

References:

[1] https://www.buyacar.co.uk/the-latest-tesla-statistics/
[2] https://www.buyacar.co.uk/the-latest-tesla-statistics/
[3] https://www.buyacar.co.uk/the-latest-tesla-statistics/
[4] https://www.buyacar.co.uk/the-latest-tesla-statistics/
[5] https://www.buyacar.co.uk/the-latest-tesla-statistics/
[6] https://www.buyacar.co.uk/the-latest-tesla-statistics/
[7] https://www.buyacar.co.uk/the-latest-tesla-statistics/