Tesla (NASDAQ:TSLA) experienced a significant drop in its sales volume in Germany in February, with a decline of more than three quarters, as reported by the German road traffic agency KBA. This comes even as the overall sales of electric vehicles in the country saw an increase.
As per the data available on the KBA’s website, Tesla managed to sell 1,429 cars in Germany. This marks a 76% decrease in sales, a steeper drop compared to the 60% decline experienced in January. Meanwhile, the overall sales of electric vehicles in Germany witnessed a rise of 30.8%, amounting to 35,949 vehicles sold.