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26 June 07:31

Tesla sales in Europe fell 27.9% in May amid growing interest in more affordable Chinese electric vehicles.

Sanziana Georgescu

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Economy

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In May, Tesla sold just 13,863 cars in Europe and its market share fell to 1.2%. Controversial statements by CEO Elon Musk and fierce competition from Chinese manufacturers such as BYD are affecting the company's image. Chinese manufacturers continue to gain ground, with a 5.9% market share despite new EU tariffs. Tesla must adapt quickly to regain its position.

Sources

Vânzările de maşini noi ale Tesla în Europa au scăzut pentru a cincea lună consecutiv

Vânzările Tesla au scăzut pentru a cincea lună consecutiv în Europa

Tesla pierde teren în Europa în fața mașinilor chinezești. Vânzările companiei americane au scăzut pentru a cincea lună consecutiv

Vânzările Tesla în Europa au scăzut cu aproape 30%, în mai. În schimb crește interesul pentru mașinile electrice din China

ȘTIRI PE ACELEAȘI SUBIECTE

International

Tesla sales dropped significantly in October in Europe, with a plunge of up to 89% in some countries amid increased competition, but also due to affiliation with Republicans.

Current Affairs

Elon Musk's political actions have cost Tesla sales of up to 1.26 million electric cars in the USA, according to a Yale study.

Economy

Tesla reported a 37% decrease in net profit in the third quarter, down to $1.37 billion, as a result of increased operating expenses and fees.

International

Global sales of electric and plug-in hybrid vehicles increased by 23% in October, with strong demand in Europe and China, but decreased by 41% in North America.

International

Tesla asks suppliers to eliminate components made in China for cars intended for the US market, replacing them with alternatives from other regions.

Economy

Tesla has asked suppliers to eliminate components from China for cars intended for the American market, in the context of trade tensions.

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Tesla Sales drop Elon Musk Europe

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