Tesla sales in Europe plunged for a fifth month in a row in May, a blow to investors who had hoped anger toward Elon Musk would have faded by now

Europeans still aren’t buying Teslas with figures out Wednesday showing sales plunged for a fifth month in a row in May, a blow to investors who had hoped anger toward Elon Musk would have faded by now.

Tesla sales fell 28% last month in 30 European countries even as the overall market for electric vehicles expanded sharply, according to the European Automobile Manufacturers’ Association. The poor showing comes after Tesla’s billionaire CEO had promised a “major rebound” was coming last month, adding to a recent buying frenzy among investors.

They were selling on Wednesday, pushing the prices down more than 4% in early afternoon trading.

  • tburkhol@lemmy.worldEnglish
    2·
    8 hours ago

    Like I said, it’s been a minute, but BYD isn’t available in the US; looks like Mercedes offers 4 SUV/crossover models starting at $55k and 2 sedans starting at $75k; Kia is all SUV; Hyndai has one sedan and two crossovers. Ford is crossover/truck; GM is all SUVs. More than there were, but non-Tesla sedans are still the exception. I’d love to see BYD in the US. Love to see KEI in the US.

    • frezik@lemmy.blahaj.zoneEnglish
      1·
      57 minutes ago

      The Mini EV is in the US, but its range is just adequate. Then there’s older models, like the Bolt or Leaf. Ford has an EV Transit van for commercial customers, but its range also sucks.

      Hyundai Ioniq 6 is out there, at least.

      Yeah, the US market for EVs is bad. Just SUVs and trucks with few exceptions. Not even a good (mini) van.