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Tesla sales plunge 40% in Europe as Chinese EV rival BYD's triple (www.cnbc.com)
submitted 1 year ago by to c/BoycottUnitedStates@europe.pub
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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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[–] 1 point 1 year ago (1 child)

Tesla stock is up 70% for the last 12 months, and that’s not even the peak. How the hell does it do that?

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