Tesla’s sales rout in some European markets continues for eighth month

London (Reuters) -Tesla (TSLA) sales route in some European markets, both Chinese home competitors and traditional automobile manufacturers competition as well as a reaction to CEO due to a reaction to the eighth month in August Elon MuskCourt for far -right parties.

Automobile registration numbers from France, Denmark and Sweden, the first European countries to declare the monthly numbers for August, have also shown that Tesla’s renewed model Y has little effect on reducing sales.

Data from France on Monday showed that the records of new Tesla cars decreased by 47.3% in August, and in 2024, the general car market grew by about 2.2%.

Tesla records fell more than 84% in Sweden – electric vehicle sales were flat and the market generally increased by 6% – and fell by 42% in Denmark.

Norway, where Tesla is deep roots and almost all new automobile sales electricity, remained contrary to a leap of 21.3% in records for the US home manufacturer. However, Chinese rival BYD (BYD, 1211.HK) records 218%.

Tesla’s largest European markets are Germany and England, which has not yet notified that sales have fallen this year, but have not yet notified August sales.

Tesla has several problems in Europe.

While the company has a small aging series and has not published a new mass market model since Model Y in 2020, new Chinese competitors and traditional car manufacturers flood with new models.

“One of the reasons we continue to see Tesla skin that causes disappointment can be attributed to a more competitive market environment.” He said.

Schmidt, Musk’s second -quarter investors’ insistence in July, the market share in Western Europe in the first half of the year from 1.5% to 1.7% in the first half of the year, “the European market, there is no problem with Tesla volumes,” he said.

Earlier this year, Tesla representatives claimed that the automobile manufacturer’s sales decline was largely, because production was shifting to the renewed model Y, the most -selling car in Europe in 2023.

The delivery of the reviewed model Y started in most Europe in June, but Model Y sales fell 46.5% in Denmark in August and 87% in Sweden.

Tesla’s competitive problems were combined by Musk’s politics – helped the Bank Donald TrumpThe US presidential elections won last year and defended the European extreme right -wing parties, which created a violent consumer response.