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Tesla's German car sales continue to fall in June - The Economic Times
Economic Times
·
2m ago
Medial
Tesla's German car sales plummeted 60% in June, with first-half 2025 figures down 58.2%, according to the KBA. In contrast, overall electric vehicle registrations rose by 8.6% during the same period. Tesla's declining sales also extended to other European markets. Meanwhile, Chinese rival BYD experienced significant growth, with sales tripling to 1,675 units in June. This trend underscores the increasing competition and challenges Tesla faces in the European EV market.
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Tesla's June China-made EV sales see first rise in nine months - The Economic Times
Economic Times
·
2m ago
Medial
Tesla's sales of China-made electric vehicles increased by 0.8% in June to 71,599 units, breaking an eight-month declining trend. Deliveries of Model 3 and Model Y from the Shanghai factory, covering both China sales and exports, were up 16.1% from May, according to the China Passenger Car Association. Despite increasing competition from lower-cost models by Chinese rivals, global sales of Tesla's significant competitor, BYD, rose 11% year-on-year to 377,628 units in June.
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Tesla registrations in Denmark fall 61.6% year-on-year in June - The Economic Times
Economic Times
·
2m ago
Medial
Tesla's new car registrations in Denmark significantly declined by 61.57% in June compared to the previous year, dropping to 1,282 vehicles, as reported by Mobility Denmark. This decline reflects broader challenges for Tesla, with sales also decreasing in Sweden by 64.4%. The downturn in sales coincides with increased competition in the EV market and ongoing disputes involving Tesla CEO Elon Musk. Tesla shares also fell by 5.6% in Frankfurt trading amid these challenges.
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Tesla's July China-made EV sales fall 8.4% - The Economic Times
Economic Times
·
1m ago
Medial
Tesla's sales of China-made EVs fell 8.4% in July compared to a year earlier, following a modest increase in June. Deliveries of its Model 3 and Model Y, including exports, totaled 67,886 vehicles, down 5.2% from June. This decline reflects intensified competition from rivals offering more affordable models. Despite ending an eight-month losing streak in June, Tesla still faced quarterly sales declines globally, amid weak demand and backlash against Elon Musk's political remarks.
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Tesla's European sales slump for fifth month
Economic Times
·
2m ago
Medial
Tesla's car sales in Europe dropped by 27.9% in May, marking a five-month decline, despite a 27.2% overall rise in fully-electric vehicle sales. Tesla's market share fell to 1.2% as customers opt for cheaper Chinese electric vehicles. While new car sales in Europe rose 1.9%, driven by plug-in hybrids and alternative-fuel vehicles, Tesla's Model Y has not yet revived its fortunes amid increasing competition from Chinese and traditional automakers.
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Tesla's sales rout in some European markets extends to eighth month - The Economic Times
Economic Times
·
4d ago
Medial
Tesla's sales in several European markets continued to struggle in August, facing fierce competition from EV rivals like BYD and backlash against CEO Elon Musk. Registration data showed significant declines in countries like France, Sweden, and Denmark. While sales in Norway and Spain increased, the growth was outpaced by BYD. Factors contributing to the downturn include Tesla's ageing model lineup, Elon Musk's polarizing influence, and the impact of low-cost used Tesla vehicles in the secondhand market.
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Elon Musk turned democrats off Tesla when he needed them most
Livemint
·
1y ago
Medial
The proportion of Democrats buying Tesla vehicles dropped by over 60% after Elon Musk made controversial statements and engaged in political posturing. The fall in sales coincided with Musk's public remarks on issues such as illegal immigration and his criticism of Disney. This decline highlights the risk for Tesla as its CEO becomes increasingly political, particularly during a time when electric car manufacturers are already struggling to appeal to Republican buyers. Tesla has since made some progress in recapturing Democratic buyers, but the overall market for electric vehicles has slowed and Tesla's sales have declined globally.
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Tesla to integrate Deepseek, Doubao AI voice controls in China - The Economic Times
Economic Times
·
14d ago
Medial
Tesla plans to integrate AI voice controls in China using Deepseek and Bytedance’s Doubao models. Hosted by Bytedance's Volcano Engine cloud service, these systems enable voice commands for navigation, entertainment, and car climate control. The initiative seeks to enhance Tesla's competitiveness against local brands like BYD and Geely. Despite a drop in Tesla’s Shanghai factory shipments, it's unclear if these AI models are in existing vehicles, as owners have not been notified of updates.
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Tesla’s car business isn’t really in the driver’s seat
Livemint
·
8m ago
Medial
Tesla's valuation has surged despite a decline in vehicle deliveries for 2024, highlighting the market's focus on its AI potential rather than traditional car sales. This comes even as the company faces its first annual sales drop amid a wider EV industry slump. Tesla's high stock valuation is partly driven by AI ambitions and Elon Musk's influence. However, analysts express skepticism, emphasizing the need for Tesla to achieve significant milestones in self-driving technology to justify its market value.
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Tesla's October China-made EV sales fall 2.6%; rival BYD sales up 5%
Economic Times
·
1y ago
Medial
According to the China Passenger Car Association (CPCA), Tesla's China-made electric vehicle sales dipped 2.6% in October, with 72,115 units delivered. In contrast, Chinese rival BYD experienced a 5% increase in passenger vehicle deliveries, reaching 301,095 units. Tesla's market share in China's EV segment decreased to 9.89% in Q3 from 12.98% in Q2, despite the company prioritizing sales over earnings in the country. Other domestic automakers, including BYD and Huawei-backed Aito, have made significant progress in the Chinese auto market.
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Tesla's brand loyalty collapsed after Musk backed Trump, data shows - The Economic Times
Economic Times
·
1m ago
Medial
Tesla experienced a significant decline in brand loyalty after CEO Elon Musk endorsed Donald Trump, according to S&P Global Mobility data. The company's loyalty rate, which peaked at 73% in June 2024, fell to 49.9% by March 2025. Analysts attribute this to political activism potentially alienating Tesla's eco-conscious customer base, along with increased competition from other EV manufacturers. This decline suggests that Tesla needs to address market share loss and brand image repair.
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