Tesla sales skid in Europe in May despite EV rebound
The Peninsula
Paris: Tesla sales sank again in Europe last month as rising competition and Elon Musk s ties to US President Donald Trump cut into demand despite a g...
Paris: Tesla sales sank again in Europe last month as rising competition and Elon Musk's ties to US President Donald Trump cut into demand despite a growing electric car market, industry figures showed on Wednesday.
Sales of battery-electric vehicles jumped by 25 percent in Europe in May compared to the same month last year, according to the ACEA, the trade association of European car manufacturers.
Tesla, meanwhile, sold 40.2 percent fewer cars in May.
The drop in demand for Tesla cars has been linked to its ageing fleet, competition from European and Chinese rivals, and consumer distaste for Musk's work in the Trump administration.
Musk left his role as the US government's cost-cutter at the end of May and had a public falling-out with Trump earlier this month over the US president's spending bill.
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