Tesla Faces Sharp Sales Decline in China and Europe

Tesla's February sales in China dropped nearly 50%, while local manufacturers like BYD saw significant growth in the expanding EV market.

Tesla's February sales in China fell to 30,688 units, a 49% drop compared to the same month last year, according to CPCA data.
Chinese EV maker BYD saw a 161% increase in sales during the same period, selling 318,233 vehicles in February 2025.
Tesla's global market presence weakened further as its sales in Europe also declined, despite a 34% rise in overall EV registrations in the region.
The company's stock value dropped by 5% on Tuesday, continuing a trend that has led to a one-third loss in market capitalization since December 2024.
Tesla faces mounting competition from strengthened local manufacturers in China and Europe, alongside reputational challenges linked to Elon Musk's political endorsements.