Tesla Sales in EU Outpaced by China's BYD for Second Straight Month

MT Newswires Live09-25

Tesla (TSLA) sales in the European Union continued to fall in August while sales of Chinese electrical vehicle rival BYD surged ahead for the second month in a row, new data released Thursday showed.

New registrations of Tesla vehicles fell to 8,220 last month in the EU, compared with from 12,966 a year earlier, as BYD saw August registrations increase to 9,130 units, up from 3,030 a year ago, according to data released by the European Automobile Manufacturers' Association, or ACEA.

BYD beat Tesla's numbers in the EU in July for the first time.

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