Tesla's European sales dropped 49% year-over-year in the past two months, even as overall EV sales rose, according to ABC News. Tesla faces criticism over its aging vehicle lineup and CEO Elon Musk's political ties, including backlash in Europe for his endorsement of Germany's far-right party. Tesla is under pressure from rising EV competition, especially from China's BYD, which is growing rapidly and introducing fast-charging technology. Musk's support for the Alternative for Germany party and his ties to Trump have drawn sharp criticism from German leaders and sparked protests targeting Tesla in both the U.S. and Europe.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Tesla's European sales dropped 49% year over year in the past two months,
00:06even as overall EV sales rose, according to ABC News.
00:09Tesla faces criticism over its aging vehicle lineup and CEO Elon Musk's political ties,
00:14including backlashing Europe for his endorsement of Germany's far-right party.
00:18Tesla is under pressure for rising EV competition, especially for China's BYD,
00:22which is growing rapidly and introducing fast-charging technology.
00:26Musk's support for the alternative Germany party and his ties to Trump have drawn sharp
00:30criticism from German leaders and sparked protests targeting Tesla in both the U.S. and in Europe.
00:35For all things money, visit Benzinga.com.