Tesla’s EU, UK, and EFTA registrations dropped 49% in October to 6,964, while BYD saw a 207% jump to 17,470. Tesla’s sales in China hit a three-year low at 26,006. Legacy car companies are aggressively moving into EVs, impacting Tesla’s market share globally. CEO Elon Musk aims to pivot Tesla into a robotics and AI company.

Despite global sales challenges, Tesla’s stock is up 3% this year, with a market cap of $1.4 trillion. Legacy car companies are aggressively moving into the EV market, challenging Tesla’s dominance. Musk’s strategy to position Tesla as a robotics and AI company has largely worked with investors.

Europe and China present challenges for Tesla, but Musk’s strategy is focused on positioning Tesla as a leader in autonomous vehicles and robotics. Legacy car companies have made significant investments in EVs, impacting Tesla’s market share. Tesla’s stock has seen fluctuations this year, but remains one of the most valuable public companies globally.

Read more at Yahoo Finance: Tesla’s Europe Sales Plunge 49%