Why Tesla sales are plummeting in Europe

Business Insider

Tesla sales are plummeting in Europe, down nearly 50% in April. Meanwhile, other EVs are thriving. What’s behind the drop? Political controversy, protests, and a major brand problem.

Transcript

00:00Tesla is not doing so well in Europe. Its sales collapsed by almost 50% in April. Meanwhile,

00:06the rest of the EV market is booming. So why is this happening? Elon Musk's political ties,

00:14especially his support for Germany's far-right party, have sparked backlash. Protests, vandalism

00:21and a wave of bad press have followed Tesla across Europe. Even the refreshed Model Y hasn't helped.

00:28But companies like BMW, Renault and BMW, they're gaining ground. And BMW just passed Tesla as

00:37Europe's top EV seller. And for the first time ever, BYD beat Tesla in sales in Europe. Chinese

00:44EV makers are now putting real pressure on Musk. Musk says there's no issue with demand. But the data

00:52tells a different story.

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