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Vehicle sales in China by 58 percent fired in the first three months of the year in a marked contrast with the continuous demand in decline of Tesla electric vehicles throughout Europe.
The Shenzhen group said Tuesday that it delivered 986,098 passenger vehicles in the first quarter, of which 416,388 were pure EV, 39 percent more. The strong start of the year came when the annual ByD sales recently exceeded $ 100 billion for the first time in the back of the resurgual demand in hybrid vehicles in its local market.
Meanwhile, analysts warned that the deliveries of the first Tesla quarter published this week would probably show a fall of more than 10 percent as sales in France and other European markets continued to fall in March despite an update of the key model.
A brilliant point was Norway, where the new model was launched and, in the first week of March, he recovered his state as the best -selling car in the country after two months of acute decreases. Registration in the country fell only 1 percent to 2,211 cars, recovering from a 48 percent decrease in February.
Tesla began to deliver the model and improved, its most popular model, at the end of February in China and since the beginning of March in Europe. However, the records of new car sales in France fell 37 percent year -on -year in March to 3,157 vehicles, while those of Sweden fell 64 percent to 911 units, according to official data published on Tuesday.
Tesla’s sales have collapsed in Europe since the beginning of the year, but analysts had divided whether the decrease was mainly driven by a violent reaction to the strong interventions of executive director Elon Musk in regional policy or a portfolio of aging products.
Even before the launch of the March data, analysts have been degrading their forecasts for the deliveries of the first trimester of Tesla, which are generally launched on the second day of April.
Last week, Deutsche Bank reduced his prognosis by approximately 50,000 to 345,000 vehicles, which would be equivalent to an interannual decrease of 11 percent. RBC Capital Markets expects deliveries from 364,000 units.
“Beyond the numbers, our meaning is that there is a certain level of damage to the brand in Western Europe and pockets within the United States or Canada caused by Elon Musk’s political activities, in turn harm the demand,” wrote Deutsche Bank Edison Yu in a note.
Tesla’s vehicles and dealers have become goals for protest in the United States and Europe after Musk’s unprecedented incursion into European politics and its huge influence on the White House.
Tesla is considered the best positioned among car manufacturers to resist Donald Trump’s tariff war with its strong manufacturing footprint in the United States. But the company is still exposed since it obtains some of the components of its vehicle from outside the United States.
Recently he warned that Trump’s tariffs could also make it an objective of retaliation rates against the United States and increase the cost of making vehicles in the United States.
