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The Street
  • 6/25/2025
Sales fell for the fifth consecutive quarter.
Transcript
00:00Europeans are making it clear they don't want to drive Teslas. Tesla sales in
00:05Europe fell for a fifth straight month in May. They were down almost 28 percent
00:10from the same time last year, according to data from the European Automobile
00:14Manufacturers Association. That's just over 13,800 cars sold. The EV maker is
00:20facing brand and reputational damage in Europe following Elon Musk's
00:24controversial comments and US political involvement, but also competition is
00:29heating up from Chinese EV makers like BYD, which sold more pure battery EVs in
00:35Europe than Tesla for the first time ever last month, despite having a higher
00:39tariff rate. To be fair, Europe makes up a small percentage of Tesla sales, but its
00:44European market share continues to shrink. It dropped to 1.2 percent from 1.8
00:49percent in May of last year. And the declining sales appear to be Tesla
00:53specific because the overall EV market in Europe is booming. Sales of battery
00:58electric vehicles jumped more than 27 percent year-over-year in May. That'll do
01:03it for your daily briefing from the New York Stock Exchange. I'm Caroline Woods with
01:07The Street.

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