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Tesla (NASDAQ:TSLA) sees European EV sales collapse 49% year-over-year in April, underscoring rising competition and reputational headwinds.
The company delivered just 7,261 vehicles across Europe last month, a steep drop from 14,272 a year earlier, even as the broader EV market expanded 34.1% over the same period. Through April, Tesla's regional sales have slumped nearly 40% compared to the first four months of 2024, per ACEA data.
Elon Musk's political profilehis alignment with former President Trump and new U.S. government dutieshas sparked dealership protests and stoked consumer unease. Meanwhile, Chinese rival BYD (BYDDY) overtook Tesla in pure-EV European sales for the first time, and legacy automakers are gaining traction with fresh electric models.
Investors should care because a sustained slide in EuropeTesla's second-largest marketcould pressure TSLA's global growth outlook and valuation multiples.
This article first appeared on GuruFocus.