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from24/7 Wall St.
3 days agoTesla's European Sales Plunge 18%
Tesla's global sales are declining, with shrinking market share driven by competition and reputational impacts, undermining its claim to be more than a car company.
Tesla has long been the king of EVs, but its position is slowly eroding as customers are turning to the vastly more diversified portfolios of rival companies. That evolution is clear as day in Europe, where Tesla's reliance on just two aging cars-the Model 3 and Model Y-has caused sales numbers to go down month after month, leaving room for so-called traditional automakers to sweep in.