Business
business
Jon Keegan

Tesla sales tank in Europe

Tesla is seeing a huge drop-off in sales across Europe, coming shortly after CEO Elon Musk’s newfound interest in participating in Germany’s right-wing political movement.

The Financial Times reports that Tesla’s market share in Germany dropped from 14% to 4%, with the electric car maker’s registrations dropping 59% year over year, even while the overall German EV market grew more than 50% year on year.

Tesla’s European problems aren’t just limited to Germany:

  • 🇩🇪 Germany: Registrations dropped 59% year over year.

  • 🇫🇷 France: Sales down 63% in January.

  • 🇬🇧 United Kingdom: Registrations down 8% year over year.

  • 🇳🇴 Norway: Registrations down 38% year over year.

Since aggressively campaigning for President Trump’s reelection, Musk has jumped into the fray of the upcoming German federal election, supporting the far-right Alternative for Gemany (AfD) party. Musk appeared remotely at an AfD campaign event in January, and hosted the leader of AfD on a live discussion on X.

Tesla’s sales plummet across Europe

Tesla’s sales plummet across Europe

Tesla’s European problems aren’t just limited to Germany:

  • 🇩🇪 Germany: Registrations dropped 59% year over year.

  • 🇫🇷 France: Sales down 63% in January.

  • 🇬🇧 United Kingdom: Registrations down 8% year over year.

  • 🇳🇴 Norway: Registrations down 38% year over year.

Since aggressively campaigning for President Trump’s reelection, Musk has jumped into the fray of the upcoming German federal election, supporting the far-right Alternative for Gemany (AfD) party. Musk appeared remotely at an AfD campaign event in January, and hosted the leader of AfD on a live discussion on X.

More Business

See all Business
David Crowther, Claire Yubin Oh
TAKING PITCHES
11/3/25
Warren Buffett’s big cash pile just hit $382 billion — what could Berkshire buy?

Berkshire Hathaway is throwing off more money than ever before — but Buffett and co. are staying patient.

CEO Warren Buffett Attending Baseball Game
3d sketch poster trend collage image of healthy salad leaves nutrition rotten iceberg mouth smile lips food diet hand hold fork

The slop bowl recession just sent Chipotle’s stock cratering

Chipotle dropped 18% yesterday, and its woes weighed on the wider slop bowl complex, dragging Cava and Sweetgreen down, too.

Claire Yubin Oh10/31/25
J. Edward Moreno
10/30/25
Most health insurers beat estimates in Q3, but investors have mixed feelings

While generally in line with expectations, medical costs still haven’t come down.

Various Pills on Checkerboard
business
Millie Giles

eBay stock slumps on gloomy Q4 outlook despite solid Q3 earnings

Shares of eBay fell as much as 10.5% in premarket trading on Thursday morning after the company gave a lower-than-expected profit forecast for the important holiday shopping season.

The e-commerce giant reported solid numbers for the third quarter on Wednesday, with revenue up 9% as reported to $2.8 billion and gross merchandise volume rising 10% to $20.1 billion, topping the average analyst forecast of $19.4 billion, per Bloomberg.

However, concerns about the future somewhat overshadowed these results.

eBay outlined its profit outlook for the period ending in December to $1.31 to $1.36 a share, with revenue at $2.83 billion to $2.89 billion. According to Bloomberg-compiled data, this broadly matches Wall Street’s estimates for the top line, but misses on the bottom line, with analysts forecasting EPS to come in at $1.39 — suggesting the company expects some further margin pressure.

The company has been facing macroeconomic challenges since the US ended the de minimis tariff exemption in late August, with the online marketplace reliant on shipments. One small silver lining? CFO Peggy Alford highlighted a “less durable trend” on a post-earnings call: that as commodity prices for precious metals boomed, demand for bullion and collectible coins on eBay spiked.

EBay Falls After Giving Weak Profit Outlook for Holiday Period

eBay Bloomberg 10/30

However, concerns about the future somewhat overshadowed these results.

eBay outlined its profit outlook for the period ending in December to $1.31 to $1.36 a share, with revenue at $2.83 billion to $2.89 billion. According to Bloomberg-compiled data, this broadly matches Wall Street’s estimates for the top line, but misses on the bottom line, with analysts forecasting EPS to come in at $1.39 — suggesting the company expects some further margin pressure.

The company has been facing macroeconomic challenges since the US ended the de minimis tariff exemption in late August, with the online marketplace reliant on shipments. One small silver lining? CFO Peggy Alford highlighted a “less durable trend” on a post-earnings call: that as commodity prices for precious metals boomed, demand for bullion and collectible coins on eBay spiked.

A screenshot from Hims & Hers' website. (Sherwood News)

Hims to begin selling GLP-1 microdosing treatments

The company reports earnings results next Monday.

J. Edward Moreno10/29/25

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.
©2025 Sherwood Media, LLC