Close Menu
ceofeature.com

    Subscribe to Updates

    Subscribe to our newsletter for the latest leadership tips, exclusive interviews, and expert advice from top CEOs. Simply enter your email below and stay ahead of the curve!.

    What's Hot

    Top communication mistake most people make

    June 25, 2025

    The era of diversification has begun. Goldman says it has further to run.

    June 25, 2025

    Gainers, laggards over the past month amid tariff, Mideast uncertainty

    June 25, 2025
    Facebook X (Twitter) Instagram
    ceofeature.com
    ceofeature.com
    ceofeature.com
    • Home
    • Business
    • Lifestyle
    • CEO News
    • Investing
    • Opinion
    • Market
    • Magazine
    Facebook X (Twitter) Instagram YouTube
    Subscribe
    ceofeature.com
    Home»Business»Tesla’s European car sales fall as customers switch to Chinese EVs
    Business

    Tesla’s European car sales fall as customers switch to Chinese EVs

    Daniel snowBy Daniel snowJune 25, 20252 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email Copy Link


    A group of activists criticizing Elon Musk and Tesla’s policies hold a protest outside a Tesla dealership in London’s Park Royal district, on April 12, 2025 in United Kingdom.

    Anadolu | Anadolu | Getty Images

    Tesla new car sales in Europe fell for a fifth straight month in May, according to data from the European Automobile Manufacturers Association (ACEA), as customers pivot to cheaper Chinese electric vehicles.

    Data published Wednesday by ACEA found that Tesla’s car sales in the European Union, Britain and the European Free Trade Association fell to 13,863 units in May, down 27.9% year-on-year.

    Tesla’s European market share also dropped to 1.2% from 1.8% in May 2024.

    The figures reinforce a downward regional trend for the U.S. EV maker, which has suffered brand and reputational damage in part due to CEO Elon Musk’s incendiary rhetoric and political activity.

    Musk spent nearly $300 million to help re-elect U.S. President Donald Trump and subsequently led a tumultuous initiative to slash federal agencies. Protests erupted at Tesla dealerships across Europe in response.

    The Tesla CEO has since left the Trump administration, amid a bitter online feud with the U.S. president.

    Chinese manufacturers maintained their strong momentum in Europe’s new car market in May despite European Union tariffs on Beijing’s EVs.

    Chinese automakers sold 65,808 units last month and more than doubled their market share in the region to 5.9%, according to data published Tuesday by JATO Dynamics.

    Tesla continues to battle rising competition from traditional automakers, as well as Chinese players. Auto giant BYD, for example, was recently found to have sold more pure electric cars in Europe than did Tesla for the first time.

    It had been thought Tesla’s revamped Model Y compact sport utility vehicle could help to deliver a turnaround in the firm’s fortunes. The Model Y was recently found to be instrumental in delivering a rebound in new car sales in Norway.



    Source link

    Follow on Google News Follow on Flipboard
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Daniel snow
    • Website

    Related Posts

    Top communication mistake most people make

    June 25, 2025

    Gainers, laggards over the past month amid tariff, Mideast uncertainty

    June 25, 2025

    Watch Fed Chair Jerome Powell testify live before Senate banking panel

    June 25, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Steven E. Orr Redefines FinTech and Financial Media with Quasar Markets

    June 4, 2025

    Redefining leadership and unlocking human potential, Meet Janice Elsley

    June 4, 2025

    Queen of the North: How Ravinna Raveenthiran is Redefining Real Estate with Resilience and Compassion

    October 22, 2024

    Mervina Nyampulu with “I Am” charts a success Story and A Legacy of her own

    May 22, 2025
    Don't Miss

    Top communication mistake most people make

    By Daniel snowJune 25, 2025

    Most people make the same communication mistake at work, says author and public speaking consultant…

    The era of diversification has begun. Goldman says it has further to run.

    June 25, 2025

    Gainers, laggards over the past month amid tariff, Mideast uncertainty

    June 25, 2025

    The Political Power of Mamdani’s Positive Message and Coalition Building

    June 25, 2025
    Stay In Touch
    • Facebook
    • Twitter

    Subscribe to Updates

    Subscribe to our newsletter for the latest leadership tips, exclusive interviews, and expert advice from top CEOs. Simply enter your email below and stay ahead of the curve!.

    About Us
    About Us

    Welcome to CEO Feature, where we dive deep into the exhilarating world of entrepreneurs and CEOs from across the globe! Brace yourself for captivating stories that will blow your mind and leave you inspired.

    Facebook X (Twitter)
    Featured Posts

    5 Simple Tips to Take Care of Larger Air Balloons

    January 4, 2020

    5 Ways Your Passport Can Ruin Your Cool Holiday Trip

    January 5, 2020

    Tokyo Officials Plan For a Safe Olympic Games Without Quarantines

    January 6, 2020
    Worldwide News

    5 Ways Your Passport Can Ruin Your Cool Holiday Trip

    January 5, 20200

    Fun Games: Kill The Boredom And Enjoy Your Family Time

    January 7, 20200

    A Diverse Collection of Museum Quality Artifacts Sculptures

    January 8, 20200
    • www.ceofeature.com
    @2025 copyright by ceofeature

    Type above and press Enter to search. Press Esc to cancel.