KEY POINTS

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.

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[–] 2 points 1 year ago

No one stumbled at Toyota. They sell more hybrids than all the EVs combined. Toyota makes money. Most companies lost money on EVs.

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