TechCrunch Industry News Tesla loses more ground in Europe, while BYD makes gains
May 29, 2025
Tesla is facing a significant downturn in vehicle sales in Europe and the UK, with a staggering 49% decline. Meanwhile, competitors like BYD are thriving, marking impressive growth in EV registrations. The release of the new Model Y has done little to stem Tesla's losses as the competitive landscape shifts dramatically. The podcast dives deep into these market changes and what they mean for the future of electric vehicles.
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Tesla's Sales Drop Amid Politics
- Tesla's sales in Europe and the UK dropped 49% year-over-year in April despite launching a new Model Y.
- Competitors didn't see similar declines, possibly due to Elon Musk's controversial political activities affecting Tesla's brand.
Musk’s Government Role Hurts Tesla
- Tesla experienced its worst quarterly delivery performance in over two years, with 336,681 vehicles delivered globally.
- Elon Musk's unpopular involvement in government advisory and layoffs has hurt Tesla's brand perception.
EVs and Hybrids Still Growing
- New car registrations in the EU, UK and EFTA fell slightly by 0.3% year-over-year in April.
- Electric vehicle sales grew 27.8%, and hybrids had the largest growth at 31%.