Tesla struggles in Europe as rivals gain ground in surging EV market

  • Tesla Inc (NASDAQ:TSLA) slump in European sales continued in May, deepening concerns over the brand's image and competitive position in a fast-evolving market. The company's new registrations fell 27.9% year-on-year, despite overall battery-electric vehicle (BEV) sales across Europe rising by 27.2%, according to data from the European Automobile Manufacturers Association.