The news broke earlier that Tesla is replacing Elon Musk as CEO:
- Tesla board begins quiet search for possible Musk successor – more on this
The data release from France earlier gives an indication to the urgency of this.
While new
car registrations in France fell 5.64% in April from a year earlier the figure for Tesla was an order of magnitude worse:
Tesla
sales fell 59.45%
Year to date figures paint a similar picture:
- French market shrunk by 7.28%
- Tesla’s sales have declined by 43.98%
The picture of Musk’s Nazi salute flashed to screens globally and have done damage to Tesla’s brand, along with other Musk missteps.
This article was written by Eamonn Sheridan at www.forexlive.com.
