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Tesla Sales Decline as Competitors Gain Market Share

Tesla Sales Decline as Competitors Gain Market Share

Author:

Global Cryptocurrency

Published:

2025-11-26 10:55:02

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BTCCSquare news:

Tesla's dominance in the electric vehicle market is waning as sales drop across key regions. European deliveries plummeted 48.5% year-over-year in October, with year-to-date figures down 30%. Meanwhile, overall EV sales in Europe grew 26%, highlighting Tesla's eroding market position.

The U.S. market saw a temporary Q3 delivery surge, likely driven by expiring tax credits rather than organic demand. Analysts project a 7% global delivery decline this year, compounding 2024's slight downturn.

CEO Elon Musk's focus has shifted toward robotics and his contested $56 billion compensation package, leaving Core automotive operations vulnerable. The company now faces its most serious competitive challenge since becoming the EV market leader.

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