Reported about 9 hours ago
Tesla has experienced significant sales declines in key European markets, with registrations plummeting by 89% in Sweden, 86% in Denmark, and 50% in Norway, although it saw a modest 2.4% increase in France. This downturn is attributed to an aging model lineup and intensified competition from both established car manufacturers and new Chinese entrants. Additionally, a backlash against CEO Elon Musk in Europe appears to be influencing consumer preferences, further complicating Tesla's market position.
Source: YAHOO