An artwork of a Tesla being crushed by a shipping container is displayed on the first day of the Glastonbury festival at Worthy Farm in the village of Pilton in Somerset, southwest England, on June 25, 2025. — AFP
NEW YORK: Europeans still aren't buying Teslas with figures out June 25 showing sales plunged for a fifth month in a row in May, a blow to investors who had hoped anger toward Elon Musk would have faded by now.
Tesla sales fell 28% last month in 30 European countries even as the overall market for electric vehicles expanded sharply, according to the European Automobile Manufacturers’ Association. The poor showing comes after Tesla's billionaire CEO had promised a "major rebound” was coming last month, adding to a recent buying frenzy among investors.
