- Tesla's sales in Europe plummeted by 28 per cent in May, marking the fifth consecutive monthly decline.
- This significant drop occurred despite a 25 per cent overall growth in the European battery electric vehicle market.
- The poor sales performance led to Tesla's stock price falling by over 4 per cent, disappointing investors who had hoped for a rebound.
- China's SAIC Motor surpassed Tesla in European sales, with its EV sales increasing by 38 per cent in May.
- Federal regulators are investigating issues with Tesla's new driverless "robotaxis" service, while investors anticipate a cheaper Tesla model to boost future sales.
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