Elon Musk Just Got Some Horrible New Sales Data About Tesla

Tesla sales continue to crater in Europe, highlighting the sheer damage CEO Elon Musk has inflicted on the brand. According to new figures released by the European Automobile Manufacturers' Association (AECA), sales across the pond slid by almost 50 percent in April, as CBS News reports. That's despite the EV market growing substantially over the same period and region, with Chinese competitor BYD overtaking Tesla to sell more vehicles in Europe last month for the first time, according to research firm Jato Dynamics. "This is a watershed moment for Europe’s car market, particularly when you consider that Tesla has led the European BEV market for years, while BYD only officially began operations beyond Norway and the Netherlands in late 2022," said Jato Dynamics global analyst Munoz in a recent statement. Chinese company SAIC, which owns several low-cost EV brands, saw sales shoot up 54 percent in Europe, according to AECA figures. The numbers paint a dire picture of the company's ... Read full article.