Tesla Loses EU Pool Partners Toyota and Subaru but Wins Fight Against Trade Union
Tesla stock is down more than 1% after losing EU emissions pool partners but winning a union fight in Germany.
Quick overview
- Tesla lost emission pool partners Subaru, Stellantis, and Toyota in the EU while maintaining control over its plant work council against a trade union.
- The company's stock fell 1.41% amid struggles to keep European operations running smoothly, with prices fluctuating between $392 and $428 over the past month.
- Tesla's sales have declined significantly in Europe, facing challenges in markets like Germany and France as consumer interest in electric cars wanes.
- Despite recent setbacks, Tesla reported $28.1 billion in revenue for the last quarter, marking a 12% growth from the previous year.
Tesla lost emission pool partners Subaru, Stellantis, and Toyota in the EU this week but managed to keep control of its plant work council against a European trade union.
Tesla stock fell 1.41% on Thursday as the company struggled to keep its European operations running smoothly. They fought battles on multiple fronts, at first losing some of their emissions pool partners and then winning a fight against a trade union over a factory close to Berlin.
Over the last four weeks, Tesla’s stock price has swung severely between $392 and $428. Now at $400 per share, the value is right about on the dot for its average for the last month. The last few days have been a fight for the company as they tried to keep their stock price up, and they did manage to regain all lost ground from Tuesday’s sharp decline.
Tesla Left with Fewer Partners but Greater Control
As the European Union eases emission rules, the companies working together to pool carbon credits is dwindling. Tesla has signed up to be part of this year’s carbon credit pool, but Subaru, Stellantis, and Toyota, have all declined to join so far. Declarations have been filed with the EU already for 2026, and Tesla has fewer partners this year than it did last year.
The electric automaker has seen a severe decline in sales across several European markets over the last year, and they have struggled to maintain their position in Germany, France, and other countries in the region as public perceptions change. Consumers are buying few electric cars, and Tesla’s reputation took a hit since its CEO Elon Musk backed U.S. President Donald Trump and joined his administration for a while.
Musk is back at Tesla and working hard to earn his trillion dollar payout that Tesla agreed to in late 2025. Tesla is fighting more than just a battle for public perception and sales targets in Europe, though. They are also dealing with the largest trade union in Europe that is attempting to control the work council at a plant near Berlin. Even though the union lost the majority rights, they have vowed to keep fighting.
Over three days, the trade union IG Metall worked to negotiate pay and working hours. A vote was taken Wednesday and was won by the non-unionized group Giga United. IG Metall only won 13 seats while Giga won 24.
In their most recent quarterly earnings report, released in January, the company announced revenue of $28.1 billion. That marked 12% growth from the previous year and was managed with 497,099 vehicle deliveries. Much of that revenue came from rush orders sent in before the U.S. electric tax credits expired, and the company may be hard pressed to repeat that level of success for the next quarter.
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