Key takeout
Sales of the European Union (EU) Tesla (TSLA) fell for the second consecutive time in February, but overall new electric vehicle registrations increased.
According to the European Association of Auto Manufacturers, Tesla EU’s new vehicle registration served as a proxy for sales, plunging from 47% to 11,743 units in February, a month after a 50% plunged.
Meanwhile, Block’s Battery Electric Vehicle (BEV) registrations have increased by almost 24% overall.
Tesla shares rose 2% in pre-market trading on Tuesday, which rose 12% to lead the S&P 500 yesterday. Still, Tesla’s stocks fell by more than 30% in 2025, and the concerns were overwhelmed by the fact that CEO Elon Musk’s role in government efficiency was a distraction from the operation of EV manufacturers. The weak sales in major markets in Europe and China are also damaging their inventory.