Tesla's sales in Europe have declined for the seventh consecutive month, with a 40% drop in July. Meanwhile, Chinese competitor BYD saw a 225% increase. The downturn is linked to CEO Elon Musk's political affiliations, including support for Donald Trump and the German far-right party AFD.
Tesla Faces Sales Slump in Europe Amidst Rising Competition
Tesla Faces Sales Slump in Europe
Tesla's sales continue to decline in Europe.
For the seventh consecutive month, the numbers are down in Europe, according to new statistics from the industry organization ACEA. In July, 8,837 vehicles were registered, a drop of 40 percent, while Chinese competitor BYD recorded a 225 percent increase.
Last month, Tesla reported declining revenues and reduced sales for the second consecutive quarter. The downturn has been linked to CEO Elon Musk's political affiliations, including his support for President Donald Trump and his sympathies for the German far-right party AFD.