Reported 3 days ago
Tesla's sales in Europe have plummeted by 40% year-on-year, contrasting with a 26% rise in overall EV sales, according to the European Automobile Manufacturers’ Association. Factors contributing to this decline include intensified competition from brands like BMW and VW, changes in the Model Y production, and negative consumer sentiment linked to CEO Elon Musk's political associations. Analysts suggest that the upcoming release of a revamped Model Y may help reverse the trend.
Source: YAHOO