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Tesla sales decline in Europe for fifth straight month as rivals gain ground
Tesla's new car sales in Europe fell 27.9% in May from a year earlier as fully-electric vehicle sales in the region jumped 27.2%, with the US EV maker's revised Model Y yet to show signs of reviving the brand's fortunes.
Tesla's European sales have fallen for five straight months as customers switch to cheaper Chinese EVs and, in some cases, protest against CEO Elon Musk's politics. May new car sales in the EU, Britain and the European Free Trade Association rose to 1.11-million vehicles after a 0.3% dip in April, Acea data showed. That comes despite growing demand for EVs, with registrations of battery-electric (BEV), plug-in hybrid (PHEV) and hybrid-electric (HEV) cars rising 26.1%, 15% and 19.8% respectively.
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