Tesla's European sales slump for fifth month as EV rivals gain momentum

Reuters
2025.06.25 04:00
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Tesla's European sales fell 27.9% in May, marking the fifth consecutive month of decline, despite a 27.2% increase in overall battery-electric vehicle sales in the region. The company's market share dropped to 1.2% from 1.8% a year ago, as customers increasingly turn to cheaper Chinese EVs. Overall car sales in Europe rose 1.9%, with significant growth in plug-in hybrids and alternative fuel vehicles. The revised Model Y has yet to boost Tesla's performance amid rising competition from traditional automakers and Chinese rivals.