Overview

• Tesla’s new-car registrations in Europe fell 27.9% year-on-year in May to 13,863 vehicles, marking a fifth consecutive month of declines.
• The company’s market share in Europe slipped to 1.2% in May from 1.8% a year earlier even as battery-electric vehicle registrations jumped 27.2%.
• Chinese automakers more than doubled their EU market share to 5.9% in May, with BYD’s sales nearly matching Tesla’s monthly volumes.
• Tesla’s updated Model Y, introduced in Europe this month, has failed to reverse the sales slump, underscoring pressure from an aging vehicle lineup.
• Tesla’s share price has fallen about 16% year-to-date as investors weigh the regional downturn alongside Elon Musk’s polarizing political ties.