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Saturday, 28 June 2025
Markets

Tesla’s European car sales fall as customers switch to Chinese EVs

Tesla’s European car sales fall as customers switch to Chinese EVs

In a photo, on June 6, 2025, Cringse-Sur-Rhone, an electric car attached to an electric car attached to a Tesla Charging Station (Tesla Supercharger) appears in Central France.

Alex Martin | AFP | Getty images

Tesla New car sales in Europe fell for the fifth straight month in May, according to data From the European Automobile Manufacturers Association (Acea), Chinese is cheaper for Chinese electric vehicles as customers.

The data published on Wednesday by ACEA found that Tesla’s car sales in the European Union, Britain and European Free Trade Association fell to 13,863 units in May, which was 27.9% year-on-year.

Tesla’s European market share also fell to 1.2% in May 2024.

Total car sales in Europe

Statistics strengthen a bottom regional trend for the US EV manufacturer, which has caused brand and iconic damage in the part due to the CEO. Elon MuskRh and political activity of fire.

Musk spent about $ 300 million to help the US President re -election Donald Trump And later led a great initiative to slash federal agencies. In response, there was a protest at Tesla dealership across Europe.

Tesla’s CEO has left the Trump administration since then Bitter online quarrel With the US President.

Tesla continues to fight the growing competition from traditional automakers, as well as Chinese players. For example, auto giants BYD registered almost several vehicles as Tesla after May. Sold more times Musk’s company for the first time in April.

It was thought that Tesla’s new model Y compact sports utility could help give a change in the firm’s fate. Model y was recently found To play an important role in giving a reversal in the sale of new car in Norway.

Tesla shares are more than 15% in the year.

Growing competition

Chinese manufacturers maintained their strong pace in Europe’s new car market in May despite the European Union tariff on Beijing’s EVS.

Chinese vehicle manufacturers sold 65,808 units last month and increased to 5.9%of their market share in the region, according to this. data Published by Jato Dynamics on Tuesday.

Jeto Dynamics global analyst Felip Munoz said in a statement, “Despite implementing the European Union tariffs on Chinese electric vehicles, its car brands continue to grow strong in Europe.”

He said, “Their speed is due to his decision to pursue partially alternative powertrain, such as plug-in hybrid and full hybrid, in the region,” he said.

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