Tesla Sales In Europe Fall For Seventh Straight Month, As BYD Surges With Aggressive Expansion

About Tesla Sales In Europe Fall For Seventh Straight Month, As BYD Surges With Aggressive Expansion

Tesla's sales in Europe declined for the seventh consecutive month, dropping by 40% in July with only 8,837 vehicles sold amid rising overall electric vehicle sales. Meanwhile, Chinese competitor BYD experienced a 225% surge, with 13,503 registrations fueled by aggressive expansion, new showrooms, and competitive pricing. Tesla faces hurdles such as aging models, reputational issues, and increased Chinese competition, while planning a new lower-cost EV to regain market momentum.