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.

  • WhatAmLemmy@lemmy.worldEnglish
    111·
    11 hours ago

    I’ve come to the conclusion that the stock market is just a representation of wealth inequality and oligarch theft than it is of the economy or any companies value.