Tesla's EU sales plunge
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2hon MSN
Tesla sales across Europe fell by half in April despite the electric car market seeing growth on the continent, according to European Automobile Manufacturers’ Association data released Tuesday. Tesla sales fell by 49% in 32 European countries,
Tesla stock rose Tuesday even as new data revealed that the electric-vehicle maker’s European sales halved in April and as China’s EV industry began a new price war.Shares of Elon Musk’s car company were up 3.
Tesla sold 7,261 vehicles in the European Union, European Free Trade Association, and U.K., a 49% year-over-year decline.
European car sales dipped in April as weaker economic growth and uncertainty due to global trade tensions prompted consumers to hold off on larger purchases.