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Home Articles Curated
Tesla

Tesla Sales in Europe Plunge Nearly 50 Percent

by Tom Ozimek, The Epoch Times
May 28, 2025

  • Gold IRA: Why You Should Never Buy From a Commissioned Sales Rep

(The Epoch Times)—Tesla’s vehicle sales across Europe tumbled nearly 50 percent in April, even as overall electric vehicle demand accelerated across the continent, according to data released on May 27 by the European Automobile Manufacturers’ Association (ACEA).

Tesla sold only 7,261 cars in Europe last month, down from 14,228 a year ago—a drop of 49 percent. Meanwhile, overall electric vehicle sales in the region jumped nearly 28 percent, showing how much ground Tesla is losing in one of its key markets.

While Tesla’s dip partly reflects temporary factory shutdowns to upgrade its top-selling Model Y SUV, deeper issues are weighing on the brand, including consumer backlash against Tesla CEO Elon Musk’s political activism.

Musk’s high-profile role in the Trump administration’s Department of Government Efficiency (DOGE), a cost-cutting initiative targeting federal programs, has fueled protests, boycotts, and vandalism in both the United States and Europe. Investors initially welcomed Musk’s appointment to lead President Donald Trump’s government efficiency push, sending Tesla’s stock up 70 percent and adding over $560 billion in value. But starting in January, Tesla stock plunged amid backlash to Musk’s prominent role in the Trump administration’s cost-reduction efforts. It started rebounding in late April, with the rally roughly coinciding with Musk’s pledge to cut his DOGE commitment to one or two days per week starting in May.

“Starting next month, I’ll be allocating far more of my time to Tesla, and now that the major work of establishing the Department of Government Efficiency is done,” Musk told investors on an April 22 earnings call.

Musk added he will continue to support DOGE “to make sure that the waste and fraud that we stop does not come roaring back,” with his remarks coming as Tesla reported a 71 percent income drop in the first quarter of 2025.

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Some experts have pointed to Musk’s alignment with Trump administration policies and controversial public statements as key drivers of consumer backlash, particularly in liberal-leaning markets where Tesla once thrived.

Scott Galloway, marketing professor and co-host of the Pivot podcast, speaking on a recent podcast episode, said Musk’s political engagement had alienated Tesla’s core base of progressive, environmentally conscious consumers while aligning with Republican voters, most of whom, he argued, would never consider buying an electric vehicle.

“He’s alienated the wrong people,” Galloway remarked, adding that Musk has instead “cozied up to the people who aren’t interested in EVs.”

Musk’s comments on social media have also caused friction in Europe, where his remarks on Germany’s federal election and posts calling out grooming gangs in Britain have stirred controversy.

In a recent appearance at an economic forum in Qatar, Musk was asked whether the blowback against Tesla has led him to regret his involvement in politics.

“I did what needed to be done,” Musk replied, while denouncing what he said was “massive violence” committed against his companies, along with threats against him and his employees.

“They’re on the wrong side of history,” Musk said of the perpetrators. “A number of them are going to prison—and they deserve it.”

Musk, who spent nearly $300 million backing Trump’s 2024 campaign and those of other Republican candidates, said at the Qatar event that he would “do a lot less” political spending in the future. When asked why, he replied: “I think I’ve done enough.”

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At the same time, Musk left open the possibility of future contributions, while reaffirming his commitment to lead Tesla as its chief executive for at least another five years, joking that the only way he’d step down is “if I’m dead.”

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At Last, a Company With Integrity in the Gold IRA Industry

For several years, I’ve been vetting out precious metals companies in search of the best. I believe in gold and silver but it’s hard to find integrity in the Gold IRA industry. The vast majority operate with shady tactics and gigantic spreads that take advantage of Americans who simply want to protect their life’s savings.

I’ve found a handful that I like and I’ve worked with some of them. By no means would I “unrecommend” them because, again, I vetted them out and found them to be above the fold. Unfortunately, it isn’t hard to be better than the rest when the rest are so darn awful.

After years of searching, I finally found a company that truly operates with integrity. Augusta Precious Metals has three important attributes that set them far above the competition:

  • Non-Commissioned Sales Team: I cannot stress how important and unique this is. With just about every other company in the Gold IRA industry, the sales teams make commission from every account they open. This means they steer their clients toward the gold and silver products with the highest commission. With Augusta Precious Metals, the team is solely focused on putting the best gold and silver for their clients into their IRA. They get paid to serve the best interests of the Gold IRA client, NOT their own commission pay.
  • Incredibly Low Fees: Most Americans would be shocked if they knew the spread other Gold IRA companies charge. Augusta charges just 5% versus up to 45% elsewhere.
  • No Pressure, No Gimmicks: There’s an understanding among most in the Gold IRA industry that fear and pressure is the way to go. Augusta Precious Metals takes a sober approach when working with clients because they hold integrity in the highest possible regard. This is why they don’t offer gimmicks like “free” or “bonus” silver. It’s also why they do not apply pressure tactics to get quick sales. Their educational and transparent approach to doing business is exceedingly rare in the Gold IRA industry.

Reach out to Augusta Precious Metals to learn more about protecting your wealth and retirement with physical precious metals.

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