Wall Street Breakfast Tesla sales tumble in Europe
5 snips
May 27, 2025 Tesla faces a dramatic 49% drop in sales across Europe, grappling with fierce competition and controversies surrounding its leadership. Southwest Airlines introduces new fees for checked bags, stirring conversation about consumer choices. Meanwhile, Trump's venture into crypto fundraising could shift market dynamics, with reports suggesting an ambitious $3 billion target. The podcast also highlights key economic indicators and stock movements, painting a vivid picture of the current financial landscape.
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Tesla's European Sales Plunge
- Tesla's European sales plunged 49% year-over-year in April 2025 despite overall EV market growth.
- The decline reflects a wider trend of nearly 40% sales drop for Tesla in Europe in early 2025.
Tesla Faces European Challenges
- Tesla faces backlash in Europe due to CEO Elon's political alignment and increasing competition.
- Chinese EV maker BYD has overtaken Tesla in European pure electric vehicle sales for the first time.
Southwest Ends Free Checked Bags
- Travelers should prepare for Southwest Airlines charging $35 for the first checked bag starting May 28, 2025.
- Loyalty members and certain credit card holders retain some free baggage benefits; purchase tickets before May 28 to keep free bags unchanged.