US EditionTesla Sales Plunge Again in Europe as Anger at Musk Keeps Buyers Away for 7th Month in a Row
Tesla's European sales dropped 40% in July due to political backlash and regulatory delays, while rival BYD gained market share amid a 39% rise in electric vehicle sales overall.
- Last month, Tesla reported a 40% plunge in July sales across the 27 European Union countries, with 6,600 cars sold versus 11,465 a year earlier, marking a seventh consecutive monthly market share drop.
- Elon Musk's political interventions prompted protests in Milan, Italy and London, UK, while Tesla awaits European approval for its Full‑Self Driving software and retooled the Model Y earlier this year.
- Rival BYD surged nearly 300% last month despite a 17% EU tariff, while hybrids now account for 34.7% of new car sales in Europe, ACEA reported Thursday.
- Investors reacted as Tesla stock fell 1.5% Thursday amid reports of falling revenue, with Tesla's 1.2% share of European sales slightly ahead of BYD's 0.9%.
- European demand shows new car sales jumped nearly 6% in July while 1,011,903 BEV registrations year-to-date capture 15.6% of the EU market, as Tesla plans cheaper models in the last three months of this year.
Insights by Ground AI
Does this summary seem wrong?
16 Articles
16 Articles
El Vocero de Puerto RicoReposted by 
Independent Español
Independent EspañolNEW YORK (AP) — Europeans upset with Elon Musk still do not buy their vehicles even months after the billionaire predicted a "great upturn" in Tesla's sales, according to data published on Thursday.
Tesla Sales Plunge Again in Europe as Anger at Musk Keeps Buyers Away for 7th Month in a Row
NEW YORK (AP) — Europeans angry at Elon Musk still aren’t buying his cars months after the billionaire predicted a “major rebound” in Tesla sales, data released Thursday shows. Tesla sales plunged 40% in July in the 27 European Union countries compared with the year earlier even as sales overall of electric vehicle soared, according […]
Coverage Details
Total News Sources16
Leaning Left3Leaning Right1Center2Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 33%
R 17%
Factuality
To view factuality data please Upgrade to Premium
