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    Tesla’s German sales plunge 53% in October as BYD surges ninefold

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    Tesla’s German sales plunge 53% in October as BYD surges ninefold
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    Tesla’s German sales plunge 53% in October as BYD surges ninefold

    Tesla’s (TSLA.O) sales volume in Germany more than halved in October from the same month last year, the German road traffic agency KBA said on Wednesday, although sales of battery electric vehicles rose overall.


    KBA said Tesla sold 750 cars in Germany in October, down by 53.5% from a year earlier. The number of Teslas sold in the January-October period dropped 50.4% to 15,595 units compared with the same period last year.

    By contrast, the total number of newly registered electric vehicles increased by 47.7% in October to 52,425 units, KBA added.


    Tesla saw October sales plunge in a number of European countries including Spain, the Netherlands and Nordic markets, in the latest sign that the U.S. electric vehicle maker’s struggles on the continent continue.


    The German agency also said sales volume of Chinese electric vehicle manufacturer BYD (002594.SZ) surged more than nine-fold year on year in October to 3,353 units, reaching 15,171 units since the beginning of the year.

     

    The post Tesla’s German sales plunge 53% in October as BYD surges ninefold appeared first on Profit by Pakistan Today.

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