Tesla’s first-quarter fleet sales in those countries fell 2.3per cent while the market as a whole was up 3.5 per cent. Tesla's sales and profits are falling globally after a long period of sharp growth. The decline in fleet sales in those 16 European countries comes after 57 per cent growth in 2023, over the previous year, according to Dataforce. PENT-UP FRUSTRATIONSlow and expensive Tesla service has been another sore point with European leasing companies and their customers, according to Reuters interviews with about a dozen corporate fleet managers. McAtear said she has planned to propose her company drop Tesla from its fleet unless the problems are addressed.

Source: The Hindu May 20, 2024 11:07 UTC