Tesla’s European sales have plummeted for the eighth consecutive month, facing tough competition from China’s BYD and repercussions from CEO Elon Musk’s political activities. France saw a 47.3% drop, while Sweden and Denmark experienced even larger decreases. However, Norway, Portugal, and Spain bucked the trend with positive growth.

BYD, Tesla’s Chinese competitor, saw a massive 218% surge in registrations, while Tesla struggled in Europe. Spain and Portugal showed promising increases, but overall, Tesla’s sales declined due to limited models and production shifts. Musk’s political affiliations have also sparked backlash, impacting consumer perception and sales.

Despite challenges, Tesla remains a key player in the EV market, with potential new models on the horizon. The company’s recent sales decline in Europe has sparked concerns, but strategic moves, like reducing prices in China, may help regain momentum. Musk’s influence, both positive and negative, continues to shape Tesla’s trajectory in the global market.

Read more at Yahoo Finance: Tesla’s sales slump in Europe extends to eighth month