From Yahoo Finance: 2025-05-02 04:26:00

Tesla’s sales in Europe plummeted in April, with an 81% drop in Sweden and a 37.2% decrease overall for the first quarter. The new Model Y launch in some countries may not be enough to revive sales. The company is offering incentives to boost demand in key markets.

Competition from traditional automakers and new Chinese EV entrants is eroding Tesla’s technological lead, affecting sales. CEO Elon Musk’s political affiliations have led to protests and vandalism in the US and Europe, impacting the brand’s reputation. Musk’s focus on Tesla has increased amidst falling revenue and profit.

Despite sales increases in Norway and Italy, Tesla’s market share in Europe’s battery-electric segment has dropped significantly. Chinese competitors like BYD and Xpeng are gaining ground in the EU market. The company is facing tough competition and a challenging market landscape.



Read more at Yahoo Finance: Europeans continue to shun Tesla as April sales plunge