TSL's sales in the EU have plummeted for five consecutive months

Gate News bot message, despite signs of recovery in the European electric vehicle market, the sales decline of TSL(TSLA.O) continues.

The latest data shows that the company's sales in the European Union plummeted by 40.5% year-on-year in May, showing a cliff-like decline for the fifth consecutive month. Data from the European Automobile Manufacturers Association shows that TSL's new car registrations in the EU last month were only 8,729 units.

If the UK, Iceland, Liechtenstein, Norway, and Switzerland markets are included, the sales still fell by 28%, with total sales dropping to 13,863 units. This continues the brand's dismal performance in Europe so far this year - with declines of 50%, 47%, 36%, and 53% in January to April. The last time its sales growth in the EU can be traced back to December last year, when only a 5.9% slight increase was recorded.

Source of information: Golden Finance