Tesla loses market share in Europe for sixth straight month as competition grows

Core Insights - Tesla has experienced a decline in market share in Europe for the sixth consecutive month, with its market share dropping to 2.8% in June from 3.4% the previous year [1] - New car registrations for Tesla fell to 34,781 units in June, representing a 22.9% decrease compared to June 2024 [2] - The overall trend in the European automotive market shows a decline in new car registrations, affecting not only Tesla but also other major automakers [3] Market Performance - Tesla's market share in the European Union, Britain, and the European Free Trade Association has decreased, indicating a broader regional dip in new car sales [1] - The decline in Tesla's sales is attributed to strong competition and reputational challenges linked to CEO Elon Musk's public statements [2] - Major competitors like Volkswagen and Stellantis also reported year-on-year declines in new car registrations, with decreases of 6.1% and 12.3%, respectively [4]