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Tesla sales slump in Europe as backlash against Musk hits buyers. Tesla sales in the EU plunged 40% in July compared to last year, despite a boom in electric vehicle demand. Chinese rival BYD gained market share, selling more cars than Tesla in Europe for the month. Tesla stock dipped 1.5% in Thursday afternoon trading after the sales figures were released. Elon Musk’s political comments in Europe, including support for far-right candidates, have sparked protests. Demonstrations included hanging Musk in effigy in Milan and posters likening him to a Nazi in London. Tesla’s advanced driver-assistance software still awaits European regulatory approval, limiting appeal. Factory closures earlier this year to retool the Model Y also contributed to the sales decline. Tesla hopes launching cheaper models later this year will revive European demand. Overall, Tesla’s seven-month EU sales fell 44%, with the company now holding just 1.2% of the market.
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