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

BYD's biggest advantage is the government subsidies it gets from China. In the EU, they get tariffed to protect local automotive companies from unfair competition (I.e nation-state supported automotive companies that can literally sell their cars at a loss). Thus, BYD loses its appeal.

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