00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Tesla sales in Europe plunged 40% in July, marking a seven-straight month of declines,
00:07according to CNBC.
00:08Automaker registered 8,837 vehicles, even as overall battery electric car sales across
00:13the continent increased.
00:14Chinese rival BYD surged 225% to 13,503 registrations, teeing its rapid European expansion with competitive
00:23pricing in new showrooms.
00:25Tesla faces challenges, including aging models, reputational issues tied to CEO Elon Musk's
00:29rhetoric and Trump ties, and intensifying Chinese competition.
00:33The company has now refreshed its lineup in years.
00:35Plans to launch a lower-cost EV with volume production in the second half of 2025.
00:40NLSA management is trying to shift focus toward AI robots and autonomy, while sales momentum
00:45lags.
00:46For all things money, visit Benzinga.com.
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