Tesla's European market share has decreased despite the overall growth in electric vehicle (EV) sales in the region. Key points include:
Overall EV sales in the EU increased by over 25% since the start of the year.
Tesla's sales in Europe fell by over 40% in February.
Tesla's market share in Europe decreased to 1.8% in February.
Analysts attribute the decline to factors such as Elon Musk's involvement in European politics, an aging product line, and increased competition, particularly from BYD.
Despite the overall growth in EV sales, Tesla is experiencing a decline in sales and market share in Europe.