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@ Layer3.news
2025-05-27 20:48:45
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TESLA SALES PLUNGE IN EUROPE
https://s.yimg.com/ny/api/res/1.2/dgEOrLfri9pZoC8PamvNBQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD02NzY-/https://s.yimg.com/os/creatr-uploaded-images/2025-05/5000f6b0-3afe-11f0-ba5f-f06f4de97c28
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✍️ Tesla's shares rose despite a 50% year-over-year decline in European sales in April, with analysts attributing the decline to brand damage and rising competition.
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👉 Tesla's European sales declined 50% year-over-year in April
👉 Brand damage and rising competition from other EV manufacturers contributed to the decline
👉 The Model Y, Tesla's best-selling vehicle, did not increase sales as expected
👉 Elon Musk has pledged to spend more time at work, citing the need to focus on his companies and get out of the political limelight
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#ElonMusk #PrasSubramanian #AlRoot #business
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