Tesla UK Car Sales Fall Over 45% in May, New AutoMotive Data Shows

Tesla, Inc. (NASDAQ:TSLA) new car sales in the UK dropped by over 45% in May compared to the previous year, according to early data from New AutoMotive.

Tesla UK Car Sales Fall Over 45% in May, New AutoMotive Data Shows

The company sold 1,758 vehicles last month, down from 3,244 the year before. This decline comes amid Tesla, Inc. (NASDAQ:TSLA) losing market share, partly due to CEO Elon Musk’s support of far-right politics in Europe.

Despite the drop, Tesla remains the top-selling battery electric vehicle in the UK for the year so far.

Meanwhile, overall new car registrations in the UK rose 4.3% to 144,098 units in May, with battery electric vehicle sales up 28% year-over-year. Chinese competitor BYD more than doubled its UK sales to 1,388 cars in May.

It was also reported earlier that Tesla, Inc. (NASDAQ:TSLA)’s new car sales in Sweden fell 53.7% in May to 503 vehicles, according to Mobility Sweden data.

Despite the drop in sales, the stock has surged by over 95% in the past 12 months.

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