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Tesla’s European EV Market Share Slumps as Chinese Rivals Surge

Tesla’s European EV Market Share Slumps as Chinese Rivals Surge

Author:

Global Cryptocurrency

Published:

2025-11-25 20:12:02

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Tesla's registrations in Europe plummeted 48.5% in October to just 6,964 units, marking its tenth consecutive monthly decline in the region. While the broader EV market grew by 32.9%, Tesla's share dwindled to 1.6%, down from 2.4% a year ago. The Model Y failed to reverse the trend, as Chinese competitors like BYD and SAIC gained ground with 207% and 46% sales growth, respectively.

Despite the automotive struggles, Tesla's stock ROSE nearly 7% as investors focused on its AI and autonomous driving potential rather than car sales. Melius Research dubbed the company a 'must own,' underscoring Wall Street's faith in its long-term tech ambitions over near-term vehicle performance.

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