Tesla's Sales Plummet: Is the Giant Falling?

After shifting his focus back to Tesla, Elon Musk is facing a serious sales slump. In the first quarter of the year, despite growth in global EV sales, Tesla sold tens of thousands fewer vehicles than the previous year. April's figures were even worse, with significant sales declines in Europe and China, and May's numbers didn't show much improvement. Registration data from Germany, the UK, and Italy reveals Tesla sales dropped by 20% to 45% year-over-year, while overall EV sales increased. In China, Tesla also faces intense competition from domestic brands, resulting in a 15% sales decline. This indicates that even EV giants face significant market challenges.