Tesla’s Europe sales plunge 49% on brand damage, rising competition

Tesla falls, just like its European sales

Norway, where sales rose to 2,346 from 690, is a rare exception....

Fire season officially begins in parts of the Bay Area

Tesla’s sale of new cars in Norway skyrocketed 213% in May from a year ago, bucking a downward trend across Europe. Elon Musk’s U.S. electric vehicle maker has suffered from a sharp decline in European sales amid reputational damage. Rico Luman, senior sector economist for transport and logistics at Dutch bank ING, described Tesla’s new car sales data in Norway as “quite remarkable.” Tesla‘s sale of new cars in Norway skyrocketed 213% in May fro…

China Schools the West on EVs

In April this year, China’s BYD hit a first--it sold more cars in Europe than Tesla. Of course, one reason for this was EV fans’ reaction to Elon Musk’s political endeavors, but another was that BYD’s EVs were simply better and more affordable. And now Western carmakers want to learn from BYD and other Chinese sector players how to make their electric cars more attractive—and affordable—for buyers. Caixin Global reported this week that non-Chine…

Why Tesla Stock Is Soaring Even As Its Core Business Slumps

Tesla’s electric vehicle business is slowing fast. In the first three months of 2025, its revenue fell 9 percent and profit plummeted 71 percent from a year ago. In April, Tesla’s EV sales in Europe fell 49 percent year-over-year. Despite these alarming numbers, Tesla’s stock has surged—up 23 percent in the past month and nearly 50 percent since its dismal earnings report in April. So what’s driving the rally? Much of it comes down to Elon Musk.…

Musk Is Leaving White House as Tesla Sales Plunge by Nearly Half in Europe

A Chinese automaker, BYD, has taken over as the sales leader of pure electric cars on the Continent, with sales rising 54 percent.