Tesla slumps as Europe car sales fall for fifth straight month
ReutersJun 25, 2025 2:31 PM
Shares of EV maker Tesla TSLA.O fall 5.7% to $322.4
Co's new car sales in Europe fell 27.9% in May from a year earlier, even as fully-electric vehicle sales in the region jumped 27.2%
Tesla's European sales have now fallen for five straight months as customers switch to cheaper Chinese EVs and, in some cases, protest against Tesla CEO Elon Musk's politics
Co's European market share dropped to just 1.2% in May from 1.8% a year ago
Overall car sales in Europe rose 1.9%, with the strongest growth coming from plug-in hybrids and cars powered by alternative fuels
TSLA's shares closed up 8% on Monday after its robotaxi test launch
Up to last close, stock had fallen 15% YTD
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