"Tesla's sales fell 28% last month in 30 European countries despite overall electric vehicle market expansion, attributing the decline partly to CEO Elon Musk's controversial political influence."
"Musk claimed a 'major rebound' in sales was imminent after factory retooling for the Model Y, yet this optimism hasn’t translated into increased sales as investors hoped."
Tesla's sales experienced a significant decline of 28% across 30 European countries in May, marking the fifth consecutive month of decreased sales. This downturn occurs in the context of a growing electric vehicle market, which saw a 25% increase in sales. Concerns over CEO Elon Musk's political statements may be impacting consumer sentiment, particularly in Germany, where EV sales surged dramatically. Despite promises of a sales rebound following factory updates, Tesla's sales continue to lag behind competition, such as China's SAIC Motor, which has seen substantial growth.
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