Year-on-year Tesla registrations down 70 per cent in Belgium
Tesla, the US electric car manufacturer, saw registrations in Belgium plummet in March. Registrations of Tesla cars fell by almost 70 per cent compared to March 2024, figures from industry federation Febiac showed on Tuesday.
Febiac, the Belgian and Luxembourg federation for automobiles and two-wheelers, revealed that in March, only 958 new Tesla cars were registered in Belgium. This is a drop of 69.3 per cent compared to the same month last year, when 3,121 Teslas were registered in the country.
Tesla recorded a 58.18 per cent drop in new car registrations for the first quarter of this year, falling to 3,019 units. That caused the company to drop to 15th place in the ranking of registrations by car brand in Belgium, with a market share of 2.50 per cent. In the first three months of last year, Tesla still had a market share of 5.34 per cent, according to Febelfin.
Elon Musk effect
The steep decline in Belgium is in line with other recent statistics. Tesla is experiencing a sharp decline in sales in the EU: across the continent, registrations of Tesla cars fell by 49 per cent in January and February. Over the same period, the overall electric vehicle market in the EU grew by almost 30 per cent.
Next to increased competition by competitors, Tesla's falling market share in Europe is often attributed to the controversial role of its CEO, Elon Musk. Musk is a key figure in US president Donald Trump's administration and has supported far-right politicians in Europe through his social media platform X.
The falling figures caused Tesla's share price to plummet 36 per cent in the first quarter. Musk, meanwhile, has seen his net worth drop by 100 billion dollars in 2025. "It's costing me a lot," Musk said last weekend of his role in the Trump administration.
PHOTO © BELGA PHOTO BENOIT DOPPAGNE
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