Tesla's European Sales Decline Continues Amid Rising EV Competition

1 min read
Source: Yahoo Finance
Tesla's European Sales Decline Continues Amid Rising EV Competition
Photo: Yahoo Finance
TL;DR

Tesla's European car sales declined by 27.9% in May, marking the fifth consecutive month of decline, despite a 27.2% increase in overall EV sales in the region, as customers shift towards cheaper Chinese EVs and protest against Tesla's politics; meanwhile, overall car sales in Europe slightly increased, with a notable rise in plug-in hybrids and alternative fuel vehicles.

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