Tesla loses ground in Europe amid fierce competition
Tesla's sales in the European electric vehicle market have dropped by half.
Sales of Tesla company in the European electric car market have halved and amount to less than 16 thousand vehicles, notes the analytical company JATO Dynamics.
At the same time, the overall demand for electric vehicles in the region has increased by a quarter. Other car manufacturers have also shown strong sales growth. In particular, Volkswagen has increased the sales of electric cars by 180% and sold around 20 thousand vehicles. BMW together with the Mini brand sold almost 19 thousand electric cars.
Chinese manufacturers have achieved particular success, selling more cars than Tesla. This indicates increasing competition in the European electric transport market.
It is also worth noting that car prices may soar to record levels due to Trump's decision.
You may also be interested in the news:
Tesla Has Expanded Its Robotaxi Fleet Sevenfold in Three Weeks — Cybercab Is Already on the Way
The number of officially registered Tesla Cybercabs in Texas has risen from 7 to 45 in just a few days, while the existing Robotaxi service using Model Y vehicles is already operating in Austin, Dallas, and Houston without a safety operator. According to Tesla's head of autonomous driving, Ashok Elluswamy, the fleet has covered more than 380,000 miles without any serious incidents.
Jeep Prepares European Offensive With Chinese Help: Two Compact SUVs and a Large SUV With Dongfeng by 2030
The American brand is rethinking its European presence and promises five “multi-energy” all-wheel-drive models by 2030.
Flop or Breakthrough? Why the Tesla Cybertruck Is Following the Same Path as the Ford Edsel
Despite disappointing sales, the Tesla Cybertruck could be remembered less for its commercial performance than for the technologies it introduced.
Volkswagen Employees to Question CEO Oliver Blume Over Restructuring That Could Put 140,000 Jobs at Risk
Volkswagen's works council will hold employee meetings in August where CEO Oliver Blume is expected to address restructuring plans.
Mercedes-Benz Proposes Longer Workweeks Without Higher Pay, Drawing Pushback From Employees
Mercedes-Benz is weighing longer workweeks without additional pay, prompting strong opposition from unions and thousands of employees.