recent strategy Elon Musk was successful on the European continent: reducing the cost of electric vehicles from Tesla, sales in the region have grown significantly. This was enough to grow faster than direct competitors. The information was disseminated last Tuesday (21) through a report European Automobile Manufacturers Association. In February 2021, the company was registered 12,860 cars sold against 19 249 last month.

A Volkswagen 18% growth recorded, while figures above Tesla represent growth about 50%. In addition to lowering prices in Europe, they did the same in the US. As for registrations, in February they accounted for 2.4% of the total on the European continent. In 2022, the record was 1.8%. The passenger car segment grew by 12% year on year, while the electric vehicle segment grew by 40%.

More details on Tesla results

If we leave the global scenario, then in 2022, electric and hybrid cars will account for 10% of global sales. With all the good results, the agency Moody’s assigned the designation Baa3removing a credit score similar to “garbage“.

The improvement, according to those responsible for the classification, occurred because Musk adopted prudent financial policies and management’s operating record was positive. Last but not least, shares are up 2% in premarket trading. Nasdaq, in NYC (USA).

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Source: Valor Invest

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