Tesla faces a number of challenges in Europe including continued intense competition and brand damage from Elon Musk's political involvement.

KEY POINTS

New European car registrations of Tesla vehicles totaled 8,837 in July, down 40% year-on-year, according to the European Automobile Manufacturers Association, or ACEA.

BYD recorded 13,503 new registrations in July, up 225% annually.

Elon Musk’s automaker faces a number of challenges in Europe, including intense ongoing competition and reputational damage to the brand.

  • krigo666@lemmy.worldEnglish
    312·
    12 hours ago

    I will buy neither.

    BYD is selling a lot because is subsidized heavily by the chinese government to disrupt european brands, and this despite having a 35% tariff on top for not disclosing this to the EU.

    • wheezy@lemmy.mlEnglish
      2·
      4 hours ago

      Every country subsidizes it’s major industries like that. Also, this is public knowledge. China isn’t secretly hiding their state ownership and subsidies.

    • SaveTheTuaHawk@lemmy.caEnglish
      154·
      12 hours ago

      BYD is hiding $44B in debt. Chinese EV industry is eating itself and is the next Evergrande. They are losing money on every sale.