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Tesla's European car sales nosedive for fifth month as customers switch to Chinese EVs - TL;DR CNBC

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: marketsdonald j. trumpbusinessautostesla incbusiness newsbreaking news: technologybreaking news: marketsclimatetechnologyelon musk

Source: https://www.cnbc.com/2025/06/25/teslas-european-car-sales-fall-as-customers-switch-to-chinese-evs.html


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