{
Itay Michaeli

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001122334455554433221100

tesla faces steep sales decline in europe amid rising competition and challenges

Tesla's sales in Europe plummeted by 42.6% in January and February, with just under 27,000 vehicles sold compared to over 46,000 last year, despite a 28.4% rise in overall EV sales. The company faces challenges from backlash against Elon Musk's cost-cutting and political affiliations, while Chinese rival BYD surpassed Tesla in revenue for the first time. Despite a recent stock rebound, analysts remain divided on Tesla's future, with some optimistic about long-term sales growth driven by robotaxi developments and potential gains in Republican regions.
Business Insider
Chinese Yuan United States Dollar Volkswagen AG Tesla, Inc. RENAULT USA Elon Musk Itay Michaeli Cathie Wood Show more
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14:07 25.03.2025
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