Tesla has experienced a significant drop in sales across Europe, particularly in Germany where registrations fell by over a third compared to last year. This trend extends to France and Spain, where sales have decreased by 67% and 29%, respectively. Norway remains an exception with a notable increase in sales, but overall, competitors like BYD are gaining ground rapidly. Despite Elon Musk's assurances, data suggests Tesla is struggling considerably, while the overall electric vehicle market in Europe is on the rise.
Despite Tesla's efforts under Elon Musk to regain traction in Europe, new registrations fell sharply—more than a third in Germany alone—highlighting significant demand challenges.
Mr. Musk indicated that while Europe presents challenges for Tesla, he downplays the sharp decline compared to competitors like BYD, which has seen explosive growth.
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