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'Fast Money' traders talk Tesla sales plunging in Europe as Chinese rival BYD's triple
CNBC Televisionยท2025-08-28 22:21

Market Share & Sales Performance - Tesla's European sales experienced a 40% year-over-year decline [1] - BYD's European sales saw a 225% year-over-year increase, attributed to their new market presence [1] - Tesla sold 8,800 cars across Europe in July [3] - BYD is reportedly demolishing Tesla in terms of market share [2] Competitive Strategies & Technologies - BYD is pursuing a different strategy than Tesla, offering both battery EVs and full EVs [2] - BYD is offering full self-driving capabilities [2] - Tesla's "full self-driving" is referred to as "supervised full self-driving" in the US [3] Future Prospects & Challenges - The EV deadline for federal subsidies is approaching on September 30th, potentially impacting Tesla and other EV manufacturers [3] - Tesla's future success is tied to full self-driving (Robotaxi) and Optimus [4] - Tesla faces resistance at the $357 level, the April highish [5]