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tesla sales decline in europe amid political controversies and protests
Tesla's sales in key European markets have plummeted, with significant declines reported in France, Sweden, and Denmark, amid growing backlash against Elon Musk's political affiliations and right-wing activism. Protests and vandalism targeting Tesla dealerships have surged, reflecting consumer alienation and intensified competition from Chinese EV makers. Despite some gains in Spain and Portugal, the overall trend indicates a troubling decline for the brand, with analysts attributing the downturn to a lack of competitive pricing and an ageing vehicle lineup.
Northvolt bankruptcy trustee optimistic about business continuation and potential sale
Northvolt's bankruptcy trustee has reported significant progress in negotiations to continue operations of the electric vehicle battery manufacturer, following its bankruptcy filing on March 12. The trustee emphasized the importance of maintaining certain operations to facilitate the potential sale of the business, with favorable conditions noted for selling as a battery cell producer.
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