TSLA422.240-21.06%
GM74.860-2.89%
F13.410-1.07%
RIVN13.790-0.73%
CYD50.000-1.02%
HMC26.1800.51%
TM190.6800.18%
CVNA67.170-2.36%
PAG162.180-6.88%
LAD261.920-12.84%
AN184.150-8.5%
GPI313.620-20.71%
ABG179.170-13.92%
SAH73.960-3.88%
TSLA422.240-21.06%
GM74.860-2.89%
F13.410-1.07%
RIVN13.790-0.73%
CYD50.000-1.02%
HMC26.1800.51%
TM190.6800.18%
CVNA67.170-2.36%
PAG162.180-6.88%
LAD261.920-12.84%
AN184.150-8.5%
GPI313.620-20.71%
ABG179.170-13.92%
SAH73.960-3.88%
TSLA422.240-21.06%
GM74.860-2.89%
F13.410-1.07%
RIVN13.790-0.73%
CYD50.000-1.02%
HMC26.1800.51%
TM190.6800.18%
CVNA67.170-2.36%
PAG162.180-6.88%
LAD261.920-12.84%
AN184.150-8.5%
GPI313.620-20.71%
ABG179.170-13.92%
SAH73.960-3.88%

Tesla sales plunge 49% in Europe as political backlash and rivals gain ground

The EV makers' market share collapses despite overall EV growth, challenged by CEO controversies and stronger rivals
Tesla’s vehicle sales in Europe dropped sharply in April, falling 49% year-over-year to just 7,261 units, according to data from the ACEA.

Tesla’s vehicle sales in Europe dropped sharply in April, falling 49% year-over-year to just 7,261 units, according to data from the European Automobile Manufacturers’ Association (ACEA). This decline contrasts sharply with the broader European battery electric vehicle (BEV) market, which grew at a 34.1% annual rate during the same period.

The slump follows several months of reputational challenges for Tesla, primarily driven by CEO Elon Musk’s political involvement with U.S. President Trump. In addition, protests at Tesla dealerships across Europe in March spotlighted a growing consumer backlash.

Sign up for CBT News’ daily newsletter and get the latest industry stories delivered straight to your inbox.

From January to April, Tesla’s sales in Europe declined by nearly 40% year-over-year. Although Tesla launched an upgraded Model Y this year, its overall lineup remains dated, with no new mass-market models introduced to counter intensifying competition.

Traditional automakers and aggressive Chinese manufacturers, notably BYD, have surged in the European market. BYD recently surpassed Tesla in sales of fully electric vehicles for the first time, marking a significant shift in the competitive landscape.

Furthermore, European consumers continue to favor hybrid electric vehicles, which combine smaller batteries with conventional internal combustion engines (ICE). Hybrids now make up just over 35% of the total European car market, according to ACEA. Tesla’s lineup consists solely of full-battery electric vehicles, limiting its appeal amid this trend.

Investor concerns have also mounted over Musk’s commitment to Tesla, given his political advisory role and leadership of the U.S. Department of Government Efficiency (DOGE). Musk told investors that his involvement with DOGE would decrease significantly by the end of May, but he indicated that he would still dedicate “a day or two per week” to government work. During an interview on May 20 at Bloomberg’s Qatar Economic Forum in Doha, Musk reaffirmed his commitment to lead Tesla for the next five years. 

Read More
More from EVs & Technology
Ford stock surges as energy storage ambitions fuel investor optimism

Ford stock surges as energy storage ambitions fuel investor optimism

- May 15, 2026
On the Dash: Ford is expanding beyond vehicle manufacturing into energy storage and infrastructure markets tied to AI growth. Investor enthusiasm suggests Wall Street increasingly values automakers with diversified technology...
Honda posts first annual loss as EV strategy reset triggers $10B writedown

Honda posts first annual loss as EV strategy reset triggers $10B writedown

- May 14, 2026
On the Dash: Honda’s renewed focus on hybrids could boost showroom demand as consumers continue to favor practical electrified options. Slower EV adoption is forcing automakers to prioritize profitability and...
More shoppers considering EVs, price and charging availability still driving many away

More shoppers considering EVs, price and charging availability still driving many away

- May 14, 2026
On the Dash: Gas prices pushed EV consideration higher in April, 26% now "very likely" to consider an EV Purchase price is the most frequent objection, followed by range and...
GM-LG battery venture recalls small group of Ohio workers as EV demand slows

GM-LG battery venture recalls small group of Ohio workers as EV demand slows

- May 13, 2026
On the Dash: EV production volatility is directly affecting supply chain employment and factory output decisions. Incentive-driven demand shifts are forcing automakers to adjust production more quickly than long-term EV...
CBT News
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.