Headlines
Tesla sales down in France, Scandinavia as Musk faces test of brand
Published by Global Banking & Finance Review®
Posted on March 3, 2025
4 min readLast updated: January 25, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 3, 2025
4 min readLast updated: January 25, 2026
Tesla's sales in Europe have declined, with brand loyalty being tested amid Elon Musk's political involvement. Competitors are gaining market share.
By Terje Solsvik and Louise Rasmussen
OSLO/COPENHAGEN (Reuters) -Tesla sales plunged in Scandinavia and France in February from a year ago, eroding its market share, as the electric vehicle maker faced a brand loyalty test amid CEO Elon Musk's role in U.S. President Donald Trump's administration.
Tesla, whose cars topped sales charts in Norway, Sweden and Denmark in 2023 and 2024, has slipped this year behind rivals with newer model lineups, such as Volkswagen and Toyota, registration data showed on Monday.
A total of 613 new Teslas were registered in Sweden last month, down 42% year-on-year, while registrations in Norway and Denmark each fell by 48% to 917 and 509 cars respectively, despite rising overall auto demand in the three countries, including for EVs.
Tesla registrations in France also declined by 45% over the first two months of the year compared to the same period in 2024, data published on Saturday by French car body PFA showed, continuing this year's negative trend in Europe.
Last year, the company's Model Y was the most sold EV in France and the 10th most sold car, while this year, it's only 27th so far and outpaced by the electric Peugeot 208, Renault 5 and Citroen e-C3.
Musk's entry into politics, his sweeping cuts to the U.S. federal workforce and endorsing of far-right political views in Europe has triggered "Tesla Takedown" demonstrations in the United States and calls for boycotts elsewhere.
The company did not immediately respond to a request for comment.
In Norway, where almost all new cars are fully electric, Tesla's share of overall car sales has slipped to 8.8% year-to-date from a market-leading 18.9% for the full-year 2024 and 20% in 2023.
LOYALTY TEST
Held back also by an ageing vehicle lineup, the company faces a test in the coming months as it prepares to introduce an upgraded version in Europe of its Model Y mid-size SUV, the Scandinavian region's best-selling car in the last two years.
But it was unclear if Tesla would recapture its former position as the people's car of choice, the Norwegian Road Federation (OFV), an industry group, said on Monday.
"The brand has had a unique market position in Norway for several years. Whether that will continue is uncertain, because there is a lot of unrest and noise around Tesla and Elon Musk," the OFV said in a statement.
In Denmark, a growing number of prospective buyers seeking advice from the Danish Federation of Motorists (FDM) said they were looking for alternatives to the Texas-based auto maker.
"A lot of people start by saying, 'I want to buy an electric car, but I don't want it to be a Tesla'… The political consumer has always been there, but it's more pronounced with Tesla now," FDM chief adviser Ilyas Dogru said.
Long-admired as a successful industrialist, Musk himself appeared to have become the car brand's biggest enemy, said Atle Falch Tuverud, editor-in-chief of Norwegian auto trade publication BilNytt.
"There is little doubt that Tesla has now lost some of its existing customers, and it is absolutely certain that they have lost some of their potential customers," Tuverud said, adding it could take several months to fully assess the impact on sales.
An initial answer may come in the months from March to June this year, when shipments begin of the redesigned Model Y, and the company could also opt to compete more aggressively on price, FDM's Dogru said.
(Reporting by Terje Solsvik in Oslo and Louise Rasmussen in Copenhagen, additional reporting by Gilles Guillaume in Paris; Editing by Sharon Singleton and Bernadette Baum)
Tesla sales in Scandinavia fell significantly, with registrations in Sweden down 42%, Norway down 48%, and Denmark also experiencing a 48% drop.
Elon Musk's political involvement and controversial views have led to demonstrations and a shift in consumer sentiment, causing many potential buyers to seek alternatives.
Tesla's market share in Norway has decreased to 8.8% year-to-date, down from 20% in 2023 and 18.9% for the full year 2024.
The redesigned Model Y is expected to be shipped from March to June, which may help Tesla regain some market share if it competes more aggressively on price.
In France, Tesla's Model Y, which was the most sold EV last year, has dropped to 27th place this year, being outpaced by other electric vehicles like the Peugeot 208 and Renault 5.
Explore more articles in the Headlines category
