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Wajeeh Khan

Tesla’s European Sales Plunged for a Fifth Straight Month. Should You Sell TSLA Stock Here?

Tesla Inc. Europe Adam Jonas ACEA

Tesla (TSLA) lost as much as 5% on Wednesday after European Automobile Manufacturer Association data confirmed its sales continued to struggle in Europe last month. 

In May, the automaker sold 13,863 vehicles in the region – down nearly 28% on a year-over-year basis as customers favored more affordable and features-rich EVs from Chinese automakers. 

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