Decline at Tesla: Sales figures in Europe fall by almost half
Tesla can currently only dream of the once flourishing sales figures for electric vehicles in Europe. $TSLA (+10.24%) can only dream of at the moment. Instead, they are experiencing a dramatic decline of almost 50 percent. In the first two months of 2025, the electric car manufacturer sold just 19,046 vehicles, which corresponds to a meagre market share of 1.1 percent. This is a sharp contrast to the positive trends in the e-car market, because while Tesla is struggling, other manufacturers are experiencing growth.
In Germany, the decline is particularly clear: Tesla's new registrations fell by an impressive 76 percent in February compared to the previous year. In January, there was already a decline of 59 percent. The Tesla factory in Brandenburg does not seem to offer enough incentive to convince the German market. The company is also suffering from damage to its image, which is being exacerbated by Elon Musk's controversial role in US politics. Many German companies are withdrawing from Tesla as a provider of company vehicles, and some drivers are showing their distance from Musk with stickers on their cars.
In contrast, other e-vehicles are showing that things can be done differently: their sales figures rose by 28.4 percent in February. Hybrid vehicles dominate with 35.2 percent of new registrations, followed by petrol cars (29.1 percent) and battery electric vehicles (15.2 percent).
Porsche SE lowers dividend and insists on savings program at VW and Porsche
Porsche SE $P911 (-0.66%)the main shareholder of Volkswagen $VOW (+0.86%) and Porsche, has cut its dividend. This is due to lower inflows from its main investments, which is forcing those responsible to call for savings programs. A dividend of just 1.91 euros per preference share will be paid out for the past financial year, compared to 2.56 euros in the previous year. The decline is due to an expected lower dividend inflow from Volkswagen, which is putting pressure on Porsche SE's financial position.
In addition, Porsche SE had to recognize high impairment losses on its investments in VW and Porsche, which led to a consolidated accounting loss of 20 billion euros. Net debt is estimated at between 4.9 and 5.4 billion euros for 2025. CEO Hans Dieter Pötsch is aiming for earnings after tax of between 2.4 and 4.4 billion euros in 2025.
VW and Porsche have invested heavily in cost-cutting programs in response to the challenges in the automotive industry. Pötsch emphasizes the "consistent implementation" of these measures. However, rumors of possible sales of VW shares were firmly denied by Porsche SE. The holding company plans to diversify in the long term and now manages 18 companies in its portfolio.
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