Tesla(US:TSLA) Zhi Tong Cai Jing·2025-08-01 12:59Group 1 - Tesla's new car registrations in key European markets saw a significant decline in July, despite major improvements to the Model Y [1] - The company's electric vehicle lineup is facing increased competition from low-cost electric vehicles, particularly from new Chinese competitors [1] - In July, Tesla's registrations dropped dramatically in several European countries: Sweden down 86% to 163 units, Denmark down 52% to 336 units, France down 27% to 1,307 units, and the Netherlands down 62% to 443 units [1] Group 2 - Tesla's sales in Europe fell by over one-third year-on-year in the first half of the year [1] - Conversely, Norway and Spain experienced growth in Tesla registrations in July, with increases of 83% and 27%, reaching 838 and 702 units respectively [1] - The overall electric vehicle sales in Spain surged by 155%, with BYD selling 2,158 units, nearly eight times the amount sold in July 2024 [2] Group 3 - Tesla is not expected to launch more affordable entry-level electric vehicle models before the last three months of the year, coinciding with the expiration of a $7,500 tax credit in the U.S. [7] - CEO Elon Musk acknowledged that Tesla may face "several very tough quarters" due to strict European regulations on autonomous driving, which complicate sales growth for the Model Y [7] - In July, Model Y registrations in Sweden and Denmark fell by 88% and 49%, while in Norway, they surged over fourfold to 715 units [7] Group 4 - Tesla launched a pilot Robotaxi service in Austin, Texas, using about ten Model Y SUVs controlled by its autonomous driving software [8] - Overall car sales in Denmark, Sweden, Norway, Spain, and the Netherlands showed varied growth, with Denmark up 20% and Sweden up 6%, while France saw a decline of 8% [8] - Major European automakers like Volkswagen, Mercedes-Benz, Stellantis, Renault, and BMW reported weaker-than-expected second-quarter results, citing pressures from U.S. import tariffs and slowing demand [11]