Competition intensifies in China as Tesla (TSLA.US) August sales decline year-on-year
According to data from the China Passenger Car Association, Tesla (TSLA.US) reported wholesale sales of 83,192 vehicles in China in August, a month-on-month increase of 22.6%. However, this figure represents a 4% year-on-year decline, as competitors have launched lower-priced models, intensifying market competition. Meanwhile, wholesale sales of new energy passenger vehicles by manufacturers across China reached 1.3 million units in August, up 24% year-on-year and 10% month-on-month.
At the same time, Tesla's performance in the entire European market has been weak so far this year. Data from the European Automobile Manufacturers Association (ACEA) shows that although overall electric vehicle sales in Europe are on the rise, Tesla's sales in Europe in July still fell by 40% year-on-year to just 8,837 vehicles, marking the seventh consecutive month of declining sales. Currently, Tesla's sales in some European markets also remained weak in August, extending the downward trend to the eighth month.
Data released in France on Monday showed that the number of newly registered Tesla vehicles in August dropped by 47.3% compared to the same period in 2024, while the overall French car market grew by nearly 2.2% during the same period.
In Sweden, Tesla vehicle registrations fell by more than 84% (while electric vehicle sales in Sweden remained flat and the overall car market grew by 6%); in Denmark, the figure dropped by 42%.
Tesla's largest markets in Europe are Germany and the United Kingdom. Both countries have also seen a decline in sales this year, but August sales data have not yet been released.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
From "Petrodollar" to "Electric Renminbi": Era Opportunities for AI+ Stablecoins
AI has made electricity the "first principle variable," and stablecoins simply connect this physical variable directly to the monetary system; whoever can most efficiently organize electricity and computation will be more qualified to define the next generation of monetary interfaces.

The Bank of Korea plans to use CBDC to pay $79.3 billion in government subsidies
South Korea plans to use central bank digital currency (CBDC) to pay more than 110 trillion won (approximately $79.3 billion) in government subsidies.

SignalPlus Macro Analysis Special Edition: Seasonal Caution
The overall market was flat over the past week, with the US market almost ignoring the two most anticipated events—NVIDIA's earnings report and Friday's PCE data.

Avalanche, Toyota Blockchain Lab move on autonomous robotaxi infrastructure
Share link:In this post: Avalanche and Toyota Blockchain Lab unveil research on a new blockchain layer to boost trust and mobility. Investors can raise their funds and track their robotaxis via the blockchain. The VehicleOwnership token is a simple ERC-721 token representing a vehicle’s ownership right.

Trending news
MoreCrypto prices
More








