Reported 2 days ago
Tesla experienced a significant decrease in sales within the European Union for the third consecutive month in March, with registrations plummeting 36% to 18,224 vehicles. This decline is notable despite a growing overall market for battery-electric vehicles in the region. In contrast, competitors like Volkswagen and Renault saw an increase in sales, highlighting the competitive pressures Tesla faces, including a 71% drop in net income for the first quarter due to intense competition, particularly in China.
Source: YAHOO