00:00It's Benzinga bringing Wall Street to Main Street.
00:02Tesla's European sales dropped 49% in April year-over-year despite a 34.1% rise in overall
00:08battery electric car sales, according to CNBC. U.S. automaker continues to face regional brand
00:13damage sparked by CEO Elon Musk's political ties to Trump and recent protests in European
00:18dealerships. Sales from January to April fell nearly 40% year-over-year. Tesla's aging vehicle
00:23lineup and lack of hybrid models are key challenges as European buyers lean toward hybrids, which now
00:29comprise over 35% of the market. The EV giant is facing intensifying competition with BYD's
00:34basket and pure electric car sales in Europe for the first time. Musk recently said he
00:38will scale back his work in government by the end of May and remains committed to Tesla leadership
00:43for the next five years.
00:44For all things money, visit Benzinga.com slash GSTV.
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