Tesla’s German Sales Plunge By More Than Half As Rival BYD's Market Share Surges

Benzinga

Tesla’s Germany sales fell 53.5% in October and over 50% year-to-date, losing market share despite a surge in overall EV registrations. Meanwhile, Chinese automaker BYD posted a ninefold jump in October sales, tightening competitive pressure across Europe.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Tesla's sales in Germany fell 53.5% in October to 750 units, according to Reuters.

00:08Year-to-date sales dropped 50.4% to 15,595 vehicles,

00:13signaling a continued weakness for Tesla across Europe, including Spain, the Netherlands, and Nordic markets.

00:18Overall battery electric vehicle registrations in Germany rose 47.7% to 52,425 units,

00:26highlighting Tesla's loss of market share amid surging competition.

00:29Chinese automaker BYD saw its October sales jump for the 9-fold 3,353 units, reaching 15,171 year-to-date.

00:38For all things money, visit Benzinga.com.

Category

Transcript

Be the first to comment

Recommended