Reported 4 days ago
Tesla's sales and market share in Europe fell for the second consecutive month in February, despite an overall increase in electric vehicle registrations in the region. The company saw a 42.6% drop in car sales compared to last year, capturing only 1.8% of the total market and 10.3% of the battery-electric vehicle market. Increased competition, an aging product lineup, and recent controversies involving CEO Elon Musk have contributed to this decline, as traditional automakers and new entrants offer cheaper electric models. Analysts are watching the upcoming launch of the new Model Y SUV for potential demand recovery.
Source: YAHOO