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Tesla faces steep decline in European market amid rising competition

Tesla's vehicle registrations in Europe fell by 45% year-over-year in January, dropping its market share from 15% to 6%, amid a booming overall EV market that grew by 37%. Increased competition and regulatory pressures from incumbents, alongside Musk's political controversies, are contributing factors to this decline. The broader European car market saw a slight dip of 2.1%, with traditional combustion engine vehicles still dominating sales.
Fortune
Euro Acea NOR GBR DEU MLT USA Peter Badík Matthias Schmidt Elon Musk Show more
Business & Industry, Market Report
14:25 25.02.2025
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