Tesla sales in Europe slump 40% as BYD new car registrations more than triple
Tesla, the electric car company led by Elon Musk, experienced a 40% drop in sales across Europe in July compared to the same period last year. The company sold 8,837 vehicles in the European Union, European Free Trade Association, and the UK, down from 14,769 in the previous year. Meanwhile, Tesla's Chinese rival, BYD, more than tripled its new car registrations during the same period. This reflects the growing competition that Tesla is facing in the European electric vehicle market, despite recent revamps of its popular Model Y. The article suggests that Tesla's market share is declining in Europe as it faces increasing competition from Chinese automakers, particularly BYD. This highlights the challenges the company is facing in maintaining its dominance in the rapidly evolving electric vehicle landscape.
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