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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

Elon Musk has lost $68 billion in 48 hours as Tesla's sales in Europe slumped to rival BYD.

International

BYD's shares have dropped by over 30%, losing 45 billion dollars in market cap, and the strategy to reduce prices raises concerns.

Economy

BYD's revenues fell by 8% after the first quarterly profit decline in the last three years, despite robust external sales.

International

The European car market recorded a growth of 5.9% in July, the largest increase in the last 15 months, due to demand for electric and hybrid vehicles.

International

The Chinese platform 'China EV Marketplace' offers European customers the possibility to buy electric and hybrid cars directly from China, with home delivery.

Economy

China's electric car companies are increasing their foreign investment, outpacing domestic funds for the first time, according to a Rhodium Group report.

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Tesla Sales drop Elon Musk Europe

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