Reported about 11 hours ago
Tesla's sales in Europe dropped a staggering 40.2% in July, with only 8,837 units registered, as competitors like BYD surged in popularity. The company has now seen sales decline for seven consecutive months, exacerbated by Elon Musk's unpopularity and the introduction of new rivals in the market. Notably, traditional major markets for Tesla, such as France and the Nordic countries, reported sharp declines. As total vehicle registrations rose in Europe, Tesla struggles to maintain its foothold amid increasing competition and changing consumer preferences.
Source: YAHOO