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Tesla UK sales plunge in January as Chinese rivals race ahead, New Automotive data shows [Yahoo! Finance]
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US:NASDAQ Investor Relations: ir.tesla.com
New Automotive showed ?on Wednesday, pointing to mounting competitive pressures on the U.S. automaker. UK car sales of ?Tesla plunged more than 57% over the year earlier to 647 vehicles in January, the research group said. The decline was the steepest among major manufacturers, and far exceeded the 6.4% fall seen ?in the overall UK ?battery-electric car sales in the month. The Elon Musk-led company has been losing ground in the UK as ?its ageing line up grapples with intense competition from Chinese brands such as BYD and MG, with the CEO's backing of far-right figures also contributing ?to the brand's market share losses across Europe. Tesla launched its ?cheaper Model Y and Model 3 variants to jump-start UK sales, but BYD pressed ahead, selling 1,326 battery-electric vehicles last month, up nearly 21% over the year earlier, New Automotive data showed. U.S. peer Ford led UK's battery-electric vehicle market, more than doubling its ?sales in January to 2,271 units. Overall,
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