Elon Musk’s Tesla sales drop 40% in Europe, its Chinese EV rival grows over 200%

Tesla’s European car sales have plummeted for seven consecutive months, with a significant 40% drop in July. This decline contrasts sharply with BYD’s surge, recording a remarkable 225% increase in registrations. Tesla faces challenges from competitors and an aging product line, while BYD leads the charge of Chinese EV makers gaining market share in Europe.