Tesla's sales in Europe and the U.K. have plummeted by nearly 50%, selling just 7,261 vehicles in April. This decline occurs despite the launch of the new Model Y, which typically drives sales. In contrast, competitors have maintained or grown their market presence. Analysts speculate that CEO Elon Musk's political affiliations may have negatively impacted brand perception. The EV market is experiencing growth overall, with hybrid sales rising significantly, but Tesla struggles against emerging competition, particularly from Chinese manufacturers like BYD, whose sales surged by 59% in the same timeframe.
Tesla's sales in Europe and the U.K. have dropped by nearly half, indicating a worrying trend amidst a challenging competitive landscape and shifting consumer preferences.
Tesla sold only 7,261 vehicles in April across Europe and the U.K., a staggering 49% decline compared to last year, raising questions about its market strategy.
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