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.

  • Ziggurat@jlai.luEnglish
    8·
    9 hours ago

    I don’t get how US stock market pretends China isn’t bringing global competitors.

    BYD is taking a huge market share on the EV, Temu takes a big market share on e-commerce but both Tesla and Amazon keep growing

      • Typhoon@lemmy.caEnglish
        2·
        4 hours ago

        I’m pissed that Canada followed the US’s stupid protectionist tariffs on BYD cars.

        American car manufacturers spent years lobbying against fuel efficiency and EV uptake and now that they’ve put themselves at a disadvantage they need the government to artificially prop them up so they don’t go under. I say let the fuckers rot in the grave they created.