Tesla Had Another Bad Month in Europe -- WSJ
Tesla's European sales almost halved last month, undermining hopes that the revamped Model Y will revive the company's fortunes in the region.The electric-vehicle maker sold 6,964 cars in Europe in October, down from 13,519 in the same month last year, according to data released Tuesday by local trade body ACEA. That gave it a market share of just 0.6%.Year to date Tesla's sales have fallen 30% in the region compared to the same period of 2024, despite a broader rebound in EV sales. Consumers have turned to new EV models made by local giant Volkswagen as well as Chinese newcomers BYD and SAIC.Tesla's European sales peaked in 2023 at 366,829-2.9% of the market. They fell 11% in 2024 after key countries including Germany dropped EV subsidies.Musk is banking on self-driving technology and other applications of artificial intelligence to revive growth. Tesla's flagship automated-driving package is currently on track to be approved by regulators in The Netherlands in February, the company s