Sounds like the drug addict CEO hasnt found rock bottom yet. I wonder when sales will be bad enough that they finally moderate? Markets smells the blood in the water.
June 4 (Reuters) - Tesla's (TSLA.O), opens new tab sales dropped for the fifth straight month in Britain, Germany and Italy in May, underscoring the challenges the electric vehicle-maker faces over CEO Elon Musk's politics and its model line-up.
Tesla sales in Germany fell by more than a third in May, the German road traffic agency KBA said on Wednesday, even though sales of fully-electric cars rose 44.9%. KBA said Tesla sold 1,210 cars in Germany in May, down 36.2% from a year earlier. Sales from Chinese rival BYD (002594.SZ), opens new tab increased ninefold to 1,857 units in May.
In the United Kingdom, Europe's biggest EV market, Tesla's sales fell more than 45% in May while industry-wide sales jumped 28%.
June 4 (Reuters) - Tesla's (TSLA.O), opens new tab sales dropped for the fifth straight month in Britain, Germany and Italy in May, underscoring the challenges the electric vehicle-maker faces over CEO Elon Musk's politics and its model line-up.
Tesla sales in Germany fell by more than a third in May, the German road traffic agency KBA said on Wednesday, even though sales of fully-electric cars rose 44.9%. KBA said Tesla sold 1,210 cars in Germany in May, down 36.2% from a year earlier. Sales from Chinese rival BYD (002594.SZ), opens new tab increased ninefold to 1,857 units in May.
In the United Kingdom, Europe's biggest EV market, Tesla's sales fell more than 45% in May while industry-wide sales jumped 28%.