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Tesla's European Woes Continue As New Car Sales Fall Over 25% In Italy
['Badar Shaikh']
Benzinga - Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals
Tesla Inc. (NASDAQ:TSLA) faces fresh woes as sales in the European region continue to deteriorate for Elon Musk's EV giant.
Tesla's Italian Sales Fall 25%Tesla's sales in Italy fell by over 25.6% in September in the Italian market, news agency Reuters reported on Wednesday, citing data from Italy's transport ministry.
The company captured over 1.1% of the total market share, the report suggests.
Tesla's YTD sales in the region from January to September clocked in at 12,996 new vehicles and accounted for 1.08% of the total market share.
The company's YTD sales fell 32.36% when compared to the same period in 2024.