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Tesla's German car sales continue to fall in June - The Economic Times

Economic Times

Economic Times · 2m ago

Tesla's German car sales continue to fall in June - The Economic Times

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

Economic Times · 2m ago

Tesla's June China-made EV sales see first rise in nine months - The Economic Times

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.

Tesla registrations in Denmark fall 61.6% year-on-year in June - The Economic Times

Economic Times

Economic Times · 3m ago

Tesla registrations in Denmark fall 61.6% year-on-year in June - The Economic Times

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.

Tesla's July China-made EV sales fall 8.4% - The Economic Times

Economic Times

Economic Times · 1m ago

Tesla's July China-made EV sales fall 8.4% - The Economic Times

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.

Tesla chair dismisses concern Musk's politics depressed car sales: Report - The Economic Times

Economic Times

Economic Times · 17d ago

Tesla chair dismisses concern Musk's politics depressed car sales: Report - The Economic Times

Tesla board chair Robyn Denholm addressed concerns about Elon Musk's political activities affecting Tesla's car sales, asserting confidence in Musk's leadership. Shares of Tesla rose nearly 6%. Despite facing competitive pressures from Chinese rivals and softening demand, the board showed strong support for Musk with a proposed $1 trillion compensation plan. This move highlights Musk’s significant influence as Tesla seeks to pivot towards advancements in AI and robotics, aiming for renewed growth.

Tesla's European sales slump for fifth month

Economic Times

Economic Times · 3m ago

Tesla's European sales slump for fifth month

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.

Elon Musk turned democrats off Tesla when he needed them most

Livemint

Livemint · 1y ago

Elon Musk turned democrats off Tesla when he needed them most

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.

Tesla's sales rout in some European markets extends to eighth month - The Economic Times

Economic Times

Economic Times · 28d ago

Tesla's sales rout in some European markets extends to eighth month - The Economic Times

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.

Tesla to integrate Deepseek, Doubao AI voice controls in China - The Economic Times

Economic Times

Economic Times · 1m ago

Tesla to integrate Deepseek, Doubao AI voice controls in China - The Economic Times

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.

Tesla’s car business isn’t really in the driver’s seat

Livemint

Livemint · 8m ago

Tesla’s car business isn’t really in the driver’s seat

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.

Tesla market share in US drops to lowest since 2017 as competition heats up - The Economic Times

Economic Times

Economic Times · 21d ago

Tesla market share in US drops to lowest since 2017 as competition heats up - The Economic Times

Tesla's U.S. market share fell to its lowest since 2017, marking a significant decline due to heightened competition in the electric vehicle sector. In August, Tesla's share dropped to 38% as buyers opted for newer models from various automakers offering competitive incentives. The looming expiration of federal tax credits for EVs contributed to a temporary sales spike, increasing financial pressure on Tesla as it navigates price cuts and competition. Analysts anticipate continued market share challenges for Tesla.

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