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The Independent UK
The Independent UK
Business
Karl Matchett

Blow for Elon Musk as Tesla sales fall 40% in Europe despite rise in customers buying EVs

Elon Musk Tesla Inc. United States Europe BYD Volkswagen

Sales at Elon Musk’s Tesla have fallen by a shocking 40 per cent in Europe amid increased pressure from Chinese rivals in the electric vehicles (EVs) industry.

New data from the European Automobile Manufacturers’ Association (ACEA) shows EV sales rose by more than a third in July (33.6 per cent), meaning that combined with Tesla’s own drop in sales, the company’s market share has dropped to below one per cent.

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