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TSLA: Tesla Sales Plunges 12% in Europe as Chinese EV Rival BYD Rallies [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
ACEA showed Tesla's November deliveries across the EU, EFTA and the U.K. fell 11.8% year on year to 22,801 vehicles. Warning! GuruFocus has detected 10 Warning Signs with SSNLF. Is TSLA fairly valued? Test your thesis with our free DCF calculator. BYD's November sales jumped 221.8% to 21,133 units, lifting its market share to 2% from 0.6% a year earlier. Tesla's market share slipped to 2.1% from 2.5% the prior year, though it improved from 0.6% in October. The overall European new vehicle market grew 2.4% to about 1.08 million registrations, driven by battery and hybrid demand; hybrids held roughly 34.6% of registrations. Analysts say BYD's hybrid and lower-priced models are resonating with cost-conscious buyers, putting pressure on Tesla's pricing and growth in the region. Tesla faces mounting competition from Chinese and European makers as it seeks to regain momentum, market watchers say. Shares of Tesla climbed about 1.5% on Monday trading as investors weigh near-t
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