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tfm@europe.pub

Tesla sales plunge 40% in Europe as Chinese EV rival BYD's triple (www.cnbc.com)

submitted 20 hours ago by tfm@piefed.europe.pub 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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[–] resipsaloquitur@lemmy.world 1 points 15 hours ago (1 children)

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

[–] tfm@piefed.europe.pub 2 points 14 hours ago

A lot of corruption probably