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Tesla’s European sales slump for fifth month
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Tesla‘s new car sales in Europe fell 27.9% in May from a year earlier even as fully-electric vehicle sales in the region jumped 27.2%, with the US EV maker’s revised Model Y yet to show signs of reviving the brand’s fortunes.
Overall car sales in Europe rose 1.9%, with the strongest growth coming from plug-in hybrids and cars powered by alternative fuels, data from the European Automobile Manufacturers Association (ACEA) showed.
Why it’s important
Tesla’s European sales have now fallen for five straight months as customers switch to cheaper Chinese…
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