Tesla $TSLA ( ▼ 0.23% ) is still losing ground in Europe, and the latest numbers out of Germany make that clear. November sales in the country dropped 20 percent, and year to date Tesla is down nearly 50 percent compared with the same period last year. Germany is one of Tesla’s largest markets in Europe, which makes the continued slump even harder to ignore.
Elon Musk has repeatedly pointed to Europe as Tesla’s weakest region, often citing the lack of regulatory approval for Full Self-Driving as a major hurdle. Even so, the software itself is not exactly a runaway hit in places where it is approved. On the company’s most recent earnings call, CFO Vaibhav Taneja noted that only 12 percent of Tesla’s global fleet pays for FSD.
For European sales, the trend has been the same story all year. The latest German numbers simply confirm that Tesla’s challenges on the continent are not easing anytime soon.