Tesla's Sales Are Somehow Continuing to Fall

If there's a light at the end of the tunnel for Tesla, it's an oncoming Model Y trapped inside Elon Musk's dorky Vegas Loop. Already in a dire deliveries slump while its brand image goes up in flames, the EV automaker experienced yet another devastating plummet in sales last month in several of its most important European markets, in what is the latest sign of how its CEO's bizarre behavior is driving customers away. In Sweden, Tesla's new car sales nosedived by a staggering 81 percent in April, Reuters reported, to its lowest level in two and half years. Sales in the Netherlands experienced a 74 percent decline, the lowest for that month since 2022. That decline looked like 59 percent in France, while Denmark sales dropped by 67 percent, and sales in Portugal fell by a third. Even worse, Tesla is trending in the exact opposite direction of the European EV market overall, which is blossoming. In the first quarter, according to new data from the European Automobile Manufacturers' Ass ... Read full article.