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Tesla sales plunge across Europe | CNN Business

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Tesla's sales continue to plunge across Europe, even as car buyers there increasingly turn to electric vehicles.
In May 2025, Tesla reported a significant decline in sales across Europe, marking a challenging period for the electric vehicle manufacturer amid increasing competition and market saturation. The drop, which was steeper than anticipated, has raised concerns about Tesla's market position and future growth prospects. CEO Elon Musk acknowledged the downturn, attributing it to a combination of factors including heightened competition from European automakers and a broader slowdown in the EV market. Musk remains optimistic, however, emphasizing Tesla's commitment to innovation and cost reduction to regain market share and reassure investors amidst these turbulent times.

Read the Full CNN Article at:
[ https://www.cnn.com/2025/05/06/business/tesla-sales-plunge-europe-musk ]