Core Insights - Tesla has lost its position as the top electric vehicle (EV) seller in Europe, with Volkswagen outselling Tesla in the first quarter of 2025 [1][2] - Volkswagen registered 65,679 battery EVs, a 157% increase year-over-year, while Tesla's registrations fell by 38% to 53,237 [1][2] - The first quarter of 2025 marked the strongest quarter for battery EVs on record, with battery EVs accounting for 16.9% of total car registrations in March, up 2.7 percentage points year-over-year [2] Company Performance - Tesla's Model Y and Model 3 remain the top two most-registered battery EVs, despite a 43% drop in Model Y registrations and a 1% increase in Model 3 registrations [3] - The Volkswagen ID.4 ranked third but was 2,000 units short of the Model 3 across the quarter [3] - Tesla's first-quarter earnings report showed a 9% decline in revenue and a 64% drop in net income, which was below analyst expectations [6] Market Dynamics - The UK was identified as the main driver of growth in the EV market, with volumes increasing by 13% [2] - Tesla is facing challenges including PR issues and the transition of the Model Y, leading to a reliance on the Model 3 to mitigate losses [3] - Despite controversies surrounding its CEO and limited availability of the new Model Y, Tesla continues to perform well in the market [6]

NBA legend Michael Jordan once famously said, "Republicans buy sneakers too," emphasizing his choice to steer clear of politics while his iconic shoes propelled Nike to the pinnacle of sports retail.That’s advice Tesla TSLA shareholders may wish the company’s CEO, Elon Musk, had taken to heart. Shares are down more than 32% this year, as Musk’s heavy involvement with the new administration has cratered Tesla’s electric vehicle (EV) sales.Tesla sales are down 40% in Europe compared to last year, even as tota ...