Tesla’s Europe sales hit a bump in April: How Elon Musk's politics, ageing model lineup put EV major in slow lane | Mint

Tesla's sales in Europe experienced a significant decline in April, according to data from the European Automobile Manufacturers Association (ACEA). The electric vehicle giant saw its sales plummet by 49% across 32 European countries, with only 7,261 units sold compared to 14,228 in the same month last year. This downturn comes amid growing competition in the electric vehicle market and challenges Tesla faces in maintaining its dominance. Industry analysts point to several factors contributing to this slump. One major concern is the ageing lineup of Tesla models, which has not seen significant updates recently. With competitors rolling out newer and more advanced electric vehicles, Tesla's offerings appear less attractive to potential buyers. Additionally, CEO Elon Musk's high-profile political statements may have influenced consumer perceptions, potentially impacting sales in a diverse and politically sensitive European market. Despite these challenges, Tesla remains a formidable player in the electric vehicle sector. The company is expected to address its ageing lineup by introducing refreshed models and new technologies in the near future. Furthermore, Tesla's ongoing expansion of its Gigafactory network in Europe underscores its commitment to the region. As the EV market continues to evolve, Tesla's ability to adapt and innovate will be crucial in regaining momentum and market share.

— Authored by Next24 Live