Tesla's EU sales plunge
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Tesla sold 7,261 vehicles in the European Union, European Free Trade Association, and U.K., a 49% year-over-year decline.
Electric car pioneer Tesla is facing a steep decline in the European market, with April sales dropping more than 50% year-on-year, according to new data released by the European Automobile Manufacturers’ Association (ACEA).
Tesla's European sales crashed 49% as Chinese competitors surge ahead. Why Elon's controversial image hurts sales.
According to the European Automobile Manufacturers' Association, registrations for new Tesla EVs in Europe plunged 49% in April compared to last year. That came despite a 34% surge in overall battery electric car sales there.
Tesla shares jumped Tuesday after CEO Elon Musk said over the weekend that he plans to be "super focused" on his businesses and return to "spending 24/7 at work."
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