In April, BYD surpassed Tesla in European battery electric vehicle (BEV) sales for the first time, selling 7,231 units compared to Tesla’s 7,165. This significant achievement comes despite substantial import tariffs on Chinese vehicles and BYD’s relatively recent expansion into major European markets. Overall European BEV sales grew, reaching 17% of the market, with Chinese manufacturers leading this growth at a 59% year-on-year increase. This marks a pivotal shift in the European electric vehicle landscape.
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Tesla’s April new vehicle registrations in Sweden plummeted 80.7 percent to 203 units, a stark contrast to the overall market’s 11 percent growth. This dramatic drop, one of the worst among automakers in Sweden, is attributed to a public backlash against CEO Elon Musk’s political activities. The decline follows similar sales slumps across Europe, fueled by protests and competition from Chinese electric vehicles. Musk’s recent political engagements, including a White House advisory role, have raised investor concerns about his focus on Tesla’s business operations.
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New York lawmakers, led by Senator Patricia Fahy, are seeking to revoke Tesla’s dealership waiver, forcing the company to sell through franchises instead of directly. This action stems from a shift in opinion following Elon Musk’s alignment with the Trump administration and its perceived anti-environmental policies. The bill aims to redistribute Tesla’s licenses to other EV manufacturers, reflecting a reversal of previous support for Tesla’s direct sales model. The proposed legislation is currently awaiting consideration by the Senate and Assembly finance committees.
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John Q. Hosedrinker