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Benzinga
Benzinga
Business
Badar Shaikh

Elon Musk's Tesla Loses Ground In Europe — Sales Down 23% Even As EV Market Grows

United States European Union Tesla Inc. Donald Trump
Electric car EV charging

The European automotive market saw a 5.1% decline in new car registrations during June as the European Union saw sales slip 7.3% YoY. Tesla Inc. (NASDAQ:TSLA) recorded a huge decline in sales, even as EV sales surged in the region.

What Happened: The region recorded 1,243,375 vehicles, including electric vehicles, Hybrids and ICE-powered vehicles, during June 2025, the ACEA or European Automobile Manufacturers' Association said on Wednesday.

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