Tesla suffers massive slump in sales across several countries: 'The pond is now full of serious competitors'

Tesla suffers massive slump in sales across several countries: 'The pond is now full of serious competitors'

While Tesla set a sales record during the third quarter, the electric vehicle company has steep competition abroad as other automakers gain momentum in the European market.   What's happening? Tesla delivered a record-breaking 497,099 electric vehicles between July and September, according to City AM. That's up 29% from the previous quarter. The publication attributed much of the boost in sales to the federal tax credit that expired Sept. 30.  A…

Is EV Slump on the Way?

LORDSTOWN, Ohio – Sales of electric vehicles soared last month, as buyers dashed to showrooms in a last-minute scramble to purchase new models before generous federal tax credits expired Sept. 30.  Without these incentives, it’s a general consensus that EV sales will drop in the coming months, effectively squashing the lofty goals that some U.S. […] The post Is EV Slump on the Way? appeared first on Business Journal Daily | The Youngstown Publis…