New European car registrations of Tesla vehicles totaled 8,837 in July, down 40% year-on-year, according to the European Automobile Manufacturers Association, or ACEA.
BYD recorded 13,503 new registrations in July, up 225% annually.
Elon Musk’s automaker faces a number of challenges in Europe, including intense ongoing competition and reputational damage to the brand.
It's because people are waiting for the new model Y. 🤣🤣🤣
t’s not only Tesla feeling the heat from Chinese competition. Jeep owner Stellantis, South Korea’s Hyundai Group and Japan’s Toyota and Suzuki, all posted year-on-year declines in European new car registrations in July.
Japan has generally been really underwhelming in the EV market, offering mostly Hybrids. While I hear Hyundai is cheap in USA, that is not really the case in EU, a Huyndai is as expensive as a VW. Stellantis is a crap show, they continuously offer too little too late and overcharge for it.
By contrast, Volkswagen, BMW and Renault Group, were among those that logged increases in new European car registrations across the month.
VW group is really killing it here in Denmark 7 out of top 10 most sold models are from VW group here, and I think in most of EU it's mostly similar, because they offer cars with a very strong combination of range quality and attractive price.
VW has the lowest rate of errors at German mandatory biannual safety check published by TÜV, with for instance Tesla failing 7 times more often, With nearly 15% failure rate!!
In Denmark it's even worse for Tesla with 30% of model 3 failing after 4 years!!! (first mandatory check) And Tesla even rejecting repair under warranty.
The faults aren't minor either, they are serious faults in brakes, suspension and steering! No other brand is nearly is bad as Tesla in safety checks! The average rate is 11% so Tesla is about 3 times worse than average!!