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Tesla’s Market Struggles in Europe: EV Leader Faces Declining Registrations

  • Tesla, a dominant name in the electric vehicle (EV) market, is facing declining registrations and market share in Europe.
  • In November 2024, Tesla recorded a 40.9% decrease in EU registrations compared to the same period last year.
  • Factors behind Tesla's decline include controversial decisions by CEO Elon Musk and reductions in government incentives for EV purchases.
  • Competitors such as Volkswagen, BMW, and Stellantis are gaining ground in the European EV market, offering diverse models at competitive prices.

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