Tesla encounters Waterloo: European market sales drop to a 15-month low
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Tesla's sales in the European market were sluggish in the second quarter, with a year-on-year decrease of 2.3%, marking the worst performance since January 2023. Meanwhile, electric vehicle sales in Europe increased by 14%. Tesla expects the performance in the European market to improve in the coming months. However, countries like Germany and Sweden have stopped or canceled electric vehicle subsidies, affecting sales growth in the European market. Manufacturers such as Volkswagen and Mercedes-Benz are also reconsidering their product plans. Tesla's sales in Germany and the UK have also declined
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