Business

Dramatic 65% Plunge in Tesla Sales Shocks Denmark Amid Global Challenges

Tesla Faces Steep Sales Decline in Denmark

In a startling development, Tesla's new car sales in Denmark plummeted by 65.6% in March compared to the same period last year, as reported by Mobility Denmark. This significant downturn saw the company selling only 593 cars, marking a concerning trend for the electric vehicle giant.

Global Struggles and Political Backlash

The sales drop is part of a broader pattern of challenges Tesla is encountering worldwide. Economic pressures and controversies surrounding CEO Elon Musk's political stance are contributing to the company's struggles to maintain its competitive edge in the market.

Additional Blow: Dealership Fire in Rome

Compounding Tesla's woes, a devastating fire at a dealership in Rome resulted in the destruction of 17 company vehicles. This incident adds to the company's recent misfortunes, including an 11% drop in shares this month and a 35% decline year-to-date.