Tesla's European car sales nosedive for fifth month as customers switch to Chinese EVs
Publishing timestamp: 2025-06-25 10:38:58
Summary
Tesla's new car sales in Europe fell 27.9% year on year in May, with Chinese manufacturers gaining momentum. Tesla's market share dropped to 1.2% and its stock fell nearly 5%. CEO Elon Musk's political activity and rhetoric have contributed to brand and reputational damage. Chinese automakers sold 65808 units in Europe last month, doubling their market share to 5.9%.
Sentiment: NEGATIVE
Tickers: TSLA,
Keywords: markets, donald j. trump, business, autos, tesla inc, business news, breaking news: technology, breaking news: markets, climate, technology, elon musk,