Portugal EV sales rise 29% in first quarter, Tesla down 26%
LISBON, April 1 (Reuters) - Tesla TSLA.O sold almost 26% fewer cars in Portugal in the first quarter than a year earlier, while new registrations of light electric vehicles rose 29%, the country's automobile industry association ACAP said on Tuesday.
Total new registrations of passenger vehicles dropped about 1% to 58,545, it said.
A total of 2,145 new Teslas were registered in Portugal in the quarter after a 2% increase in March alone.
Tesla faces challenges in Europe with its smaller, ageing lineup, while traditional automaker rivals and Chinese newcomers alike continue to launch new, often cheaper electric models.
Tesla CEO Elon Musk has also stirred controversy by courting far-right parties in Europe, which has added to Tesla's sales slump.
Related Articles
Tesla Stock Outlook: Competing With Rivian, Robotaxi Potential, and 2026 Prospects
There is much conversation about the prospect of investing in Tesla (TSLA) as we move closer to 2026. The volatility of its share price in 2025 is leading many investors to consider if they should purchase shares of Tesla given the alternatives available in terms of electric vehicles (Rivian, etc.).
Amazon Stock Predictions for 2026 to 2030: Will They Exceed Expectations and Achieve Major Long-Term Goals?
TradingKey - As we head into 2026, many investors are questioning where Amazon (AMZN) fits into the technology world.
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.
Is Bitcoin’s Four-Year Cycle Dead in 2026?
Is the Bitcoin 4-year cycle dead? After 2025 broke historical records with a red post-halving year, institutional analysts explore if the Bitcoin price has decoupled from the halving countdown. Analyze the impact of spot ETFs, global liquidity, and the roadmap to the 2028 halving in this 2026 market
