Tesla's European sales fell sharply in May despite strong overall EV market growth

From Financial Modeling Prep: 2025-06-25 09:04:00

Tesla’s new registrations in Europe dropped nearly 28% in May to 13,863 vehicles, contrasting with the region’s overall EV surge. Battery EV registrations rose 27.2%, while petrol and diesel cars declined sharply. Competition, product stagnation, and backlash against CEO Elon Musk contribute to Tesla’s struggles, with year-to-date sales down 37.1%.

Despite sales challenges, Tesla focuses on autonomous innovation, with a recent robotaxi pilot in Austin garnering positive feedback. The Company Rating API can help investors evaluate Tesla’s future prospects. While the European EV market thrives, Tesla faces hurdles in maintaining market share amid increasing competition and changing consumer sentiment.



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