Tesla Sales Keep Dipping in Europe

TESLA CONTINUES TO post steep sales declines in Europe, where the Elon Musk-led automaker is ceding significant share to China's BYD Co.

- BLOOMBERG

In both Germany and the UK—by far the two leading countries for battery-electric vehicle registrations in the region—Tesla's July sales fell by more than half compared with a year ago, according to figures reported Tuesday. BYD, by contrast, more than quadrupled registrations in each country.

Last week, the national auto association for France—the No. 3 market in Europe by EV sales—reported that Tesla's registrations dropped 27% in July and were down almost 40% through the first seven months of the year.