Elon Musk-Led Tesla's European Decline Continues With November Sales Down Almost 12% — BYD Surges Ahead - Tesla (NASDAQ:TSLA)

Core Insights - Tesla Inc. continues to face challenges with a significant sales decline in Europe and poor performance in the U.S. market [1][2] Sales Performance - In November, Tesla sold 22,801 units in Europe, marking an 11.8% year-on-year decline from 25,840 units sold in the same month last year [2] - Year-to-date sales from January to November for Tesla totaled 203,382 units, representing a 28% year-on-year decline from 282,335 units sold during the same period last year [2] Competitive Landscape - BYD Co. Ltd. has experienced substantial growth in Europe, with sales surging 221.8% in November, selling 21,133 vehicles compared to 6,568 units last year [4] - BYD's year-to-date sales reached 159,869 units, reflecting a 276% increase [4] Market Trends - Electrified vehicles (EVs, PHEVs, and Hybrids) captured nearly 63% of the European market, with hybrid vehicles leading at over 34.6% market share [4] - BYD reported a 206.8% increase in sales in October, selling 17,470 units [5] Strategic Moves - Tesla plans to launch the China-exclusive Model Y L in Europe to address its declining sales figures and is also looking to expand its Full Self-Driving (FSD) service in the region [3]