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Tesla's rout in some European markets extends to eighth months

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in What the Papers are Saying

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Tesla's sales rout in some European markets extends to eighth month

 

LONDON (Reuters) -Tesla's sales rout this year in a number of European markets continued in August amid fierce competition from China's BYD and a backlash against CEO Elon Musk, although Norway, Spain and Portugal bucked the trend.

 

Tesla has a small lineup and has not released a new mass-market model since the Model Y in 2020, while new Chinese rivals and traditional automakers alike are flooding the market with fresh models.

 

Registrations of new Tesla cars in France were down 47.3% in August from August 2024, while the overall car market grew nearly 2.2%, data showed on Monday.

 

Tesla registrations fell more than 84% in Sweden - where electric vehicle sales were flat and the overall market was up 6% - and dropped 42% in Denmark. Tesla registrations were down 50% in the Netherlands and 4.4% in Italy.

 

Read more:

https://finance.yahoo.com/news/teslas-sales-rout-european-markets-102511989.html

 

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    Perhaps some of the  super brains  at DOGE can help ?

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