Negative: Tesla EU sales drop, facing criticism and competition, while overall EV market grows.

From Nasdaq.: 2025-03-25 17:51:00

Tesla Inc. (TSLA) sales in the European Union dropped for the second month in a row, with new car registrations down 47% to 11,743 cars in February. However, overall electric vehicle registrations in the EU increased by nearly 24%. Tesla is facing criticism for its aging vehicle lineup and backlash against CEO Elon Musk. Meanwhile, China’s BYD reported record revenue of $107 billion in 2024, driven by a 40% surge in electric and hybrid vehicle sales. BYD also unveiled an ultra-fast EV charging system that can give a 249-mile range in just five minutes, intensifying competition with Tesla and other automakers.



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