
Tesla's sales in Germany have dropped significantly once again, despite an overall increase in the electric vehicle (EV) market. In March, only 2,229 Tesla vehicles were registered, marking a 43% decrease compared to the same month last year, according to the German KBA federal transport authority. This decline comes at a time when the broader EV market saw a 35.5% increase in registrations, reflecting the growing popularity of electric cars in the country.
The drop in Tesla's sales is part of a global trend, with the company facing challenges across various markets. In Germany, however, Tesla's struggles have been particularly pronounced, influenced by a variety of factors. A major source of the backlash is Tesla owner Elon Musk’s outspoken support for the far-right Alternative for Germany (AfD) party ahead of the country’s February elections. This support has led to protests and increased hostility towards the brand, with some German Tesla owners even putting stickers on their cars saying, "I bought this before Elon went crazy."
In addition to protests, Tesla vehicles have been targeted in suspected arson attacks in Berlin and Dresden. The negative sentiment towards Musk has extended beyond just political views, as many in Germany have become disillusioned with his actions, especially his role in overseeing workforce cuts during the administration of former U.S. President Donald Trump.
Sales figures for Tesla have been struggling worldwide as well, with a 62.2% drop in registrations in the first three months of 2025 compared to the same period last year, the KBA reported. The broader German vehicle market also experienced a decline, with overall registrations falling by 3.9% in March, signaling ongoing weakness in the industry.
Tesla's situation in Germany highlights not only the impact of Musk’s controversial public image but also the broader economic and political challenges facing the carmaker, including changing government policies and tariffs on car imports. The future of Tesla in Germany remains uncertain as the company grapples with these mounting issues.
Business

Tanzania Lifts Ban on Agricultural Imports from Malawi, South Africa
Tanzania has lifted its recently imposed ban on agricultural imports from Malawi and South Africa to allow diplomatic talks aimed at resolving the dispute.

California Surpasses Japan to Become World’s Fourth Largest Economy
California’s economy has officially surpassed Japan’s, making the U.S. state the fourth largest economy in the world.

Bank of Ghana to Start Regulating Cryptocurrency by September 2025
The Bank of Ghana (BoG) plans to begin regulating cryptocurrency platforms and virtual asset providers by the end of September 2025, according to Governor Dr.

Real Estate Boss Faces Court Over Ksh.6.4M Syokimau House Scam
A real estate company boss is facing legal action after allegedly scamming a customer out of Ksh.6.4 million for a house in Syokimau.

Kenya Airways Diverts Flights from JKIA Due to Heavy Fog
Early this morning, heavy fog covered much of Nairobi, leading to flight disruptions at Jomo Kenyatta International Airport (JKIA).

Ghana’s Producer Price Inflation Drops to 24.4% in March 2025
Ghana's Producer Price Inflation (PPI) fell to 24.4% in March 2025, down from 27.6% in February, according to new data from the Ghana Statistical Service (GSS).

Access Holdings Reports N642bn Profit and 88% Revenue Growth
Access Holdings Plc has announced a profit after tax of N642 billion for the full year ending December 31, 2024, marking a 3.7 percent increase from the N619.32 billion posted in 2023.

MOGO Uganda and Airtel Launch Affordable Smartphone Loan Plan
MOGO Uganda, a leading asset financing company, has teamed up with Airtel Uganda to offer an affordable smartphone loan program aimed at increasing access to Tecno, Infinix, and itel devices for Ugandans.

Umeme Declares Dispute With Government Over Buyout Disagreement
Umeme Limited has officially raised a dispute with the Government of Uganda over the Buy Out Amount owed at the end of its electricity distribution concession.

Access Bank Acquires National Bank of Kenya From KCB Group
Access Bank has officially taken over the National Bank of Kenya (NBK) after receiving final approval from regulators.

Jubilee Health Doubles Profit, Reports 142% Surge in 2024
Jubilee Health Insurance Limited (JHIL) has posted a 142% rise in profit before tax for 2024, reaching KES 1.22 billion.

Safaricom Schedules M-Pesa Maintenance for April 7, 2025
Safaricom has announced that its M-Pesa mobile money service will undergo scheduled maintenance on Monday, April 7, 2025, from 1:00 am to 1:30 am.

Dow Plunges 1,475 Points as Trade War Fears Rattle Markets
U.S. stocks took a major hit on Friday, with the Dow Jones Industrial Average dropping nearly 1,500 points by mid-morning.

China Hits Back with 34% Tariff on All U.S. Imports
China has announced that it will begin imposing a 34% tariff on all U.S. imports starting April 10, 2025.

Stock Market Drops 1,000 Points After Trump’s Tariff Announcement
The stock market took a sharp dive, dropping nearly 1,000 points after President Donald Trump announced new tariffs targeting China and the European Union.