According to data provided a day before the electric vehicle manufacturer’s quarterly report on deliveries, Tesla sales in France fell for a third consecutive month.
According to the PFA trade union in France, Tesla’s sales dropped 37% in March and are down 41% so far this year.
French car sales are down 8% for the year after plummeting 15% in March.
In Sweden, where Tesla sales fell 64% in March, the story was comparable.
Customers have been turned off by CEO Elon Musk’s political support for President Donald Trump and right-wing parties in Europe, but the company has also been hurt by the introduction of a new Model Y.
Although Europe is not a significant market for Tesla, the carmaker is also dealing with negative sentiment in the United States and fierce competition in China, its second-largest market.
According to Visible Alpha’s poll of analysts, Tesla is expected to report first-quarter deliveries on Wednesday of 393,000, which would represent an increase of roughly 2% over the previous year. However, the general belief is that sales in Europe will decline by 29%.
Premarket trading saw a 4% increase in Tesla shares (TSLA). The stock dropped 36% so far this year on Monday.
