Tesla’s European Sales Plummet 27.9% Amid Competition from Chinese Makers
Tesla’s new car sales in Europe plummeted 27.9% year-over-year in May, according to data from the European Automobile Manufacturers Association (ACEA). The US electric vehicle maker’s market share dropped to 1.2%, down from 1.8% last year. The decline is attributed to customers switching to cheaper Chinese electric vehicles. Chinese manufacturers maintained their strong momentum in … Read more