Tesla's EU sales plunge
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1don MSN
It marks the fourth consecutive month of declining annual sales for Tesla in Europe and comes as the automaker faces trouble on two big fronts: backlash from consumers over CEO Elon Musk’s politics and intensifying competition from Chinese electric vehicle (EV) makers.
Tesla sold 7,261 vehicles in the European Union, European Free Trade Association, and U.K., a 49% year-over-year decline.
Comprehensive new data for all 31 countries across the continent shows EV volumes rose 28% while Tesla's sales collapsed 49% last month.
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Tesla shares jumped Tuesday after CEO Elon Musk said over the weekend that he plans to be "super focused" on his businesses and return to "spending 24/7 at work."