*
Tesla sales fall in Aug in France, Sweden, Denmark,
Netherlands
*
Sales rise in Norway, Spain but by much less than BYD
sales
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Tesla has a small, ageing lineup
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A consumer backlash against CEO Musk has also hurt sales
(Adds Norway and Spain details, Netherlands figures)
By Nick Carey and Amir Orusov
LONDON, Sept 1 (Reuters) - Tesla's sales rout
this year in several European markets continued in August amid
fierce competition from EV rivals and a backlash against CEO
Elon Musk, although Norway and Spain bucked the trend.
Data from France on Monday showed registrations for Tesla
cars fell 47.3% in August versus the same month in 2024, while
the overall car market grew nearly 2.2%.
Tesla registrations fell more than 84% in Sweden - where
electric vehicle sales were flat and the market overall was up
6% - and dropped 42% in Denmark. Tesla registrations in the
Netherlands were down 50% in August.
Sales in Norway and Spain rose but growth was well below
that of China's top electric carmaker BYD.
Norway, where Tesla has deep roots and virtually all new car
sales are electric, saw a 21.3% jump in registrations for the
U.S. EV maker. But rival BYD saw registrations spike 218%.
In Spain, which provides EV subsidies of up to 7,000 euros
($8,195), Tesla's sales rose 161% to 1,435 cars from 549 in
August last year. But BYD's sales rose more than 400% to 1,827
cars.
Year to date, BYD's sales in Spain have surged 675% to
14,181 cars, while Tesla's sales have risen 11.6% to 9,303
vehicles.
Andy Leyland, co-founder of supply chain specialist SC
Insights, said Tesla's registration numbers for Spain may have
been skewed by a large vehicle shipment arriving in the country
in August and quarterly numbers will provide a clearer picture
of its performance there.
Tesla has several problems in Europe.
The company has a small, ageing lineup and has not released
a new mass-market model since the Model Y in 2020, while new
Chinese rivals and traditional automakers alike are flooding the
market with fresh models.
"One reason we are continuing to see disappointing Tesla
volumes can partially be attributed to a more competitive market
environment," said Matthias Schmidt, European autos market
analyst at Schmidt Automotive.
Schmidt added that Musk's insistence during the automaker's
second-quarter investor call in July that "there are no issues
with Tesla volumes on the European market", when its market
share in western Europe fell to 1.7% in the first half of the
year from 2.5% in 2024, made him "sound delusional."
Earlier this year Tesla representatives in Europe argued
that the automaker's sales decline was largely because
production was shifting over to the revamped Model Y, which was
Europe's top-selling car in 2023.
Deliveries of the revised Model Y began across much of
Europe in June, but Model Y sales were down 46.5% in Denmark in
August and 87% in Sweden.
SECONDHAND MARKET
Tesla's competitive problems have been compounded by Musk's
politics - he helped bankroll Donald Trump's U.S. presidential
election win last year and has championed European far-right
parties - which have sparked a fierce consumer backlash.
Ginny Buckley, CEO of Electrifying.com, said the EV advice
website has been tracking consumer sentiment towards Tesla since
the beginning of the year.
"What's clear is that Musk's influence on the brand has
become increasingly polarizing," Buckley said.
Over half of those surveyed by Electrifying.com said Elon
Musk is putting them off buying a Tesla, "signalling Tesla's
dominance is no longer a given."
SC Insights' Leyland said Tesla's sales are also being
undermined by the low cost of used Tesla EVs in the secondhand
market.
Tesla slashed the price of new cars dramatically starting in
2023, seriously undermining the value of used Teslas that are
now being snapped up.
Marketcheck, which collects used vehicle data in the United
Kingdom, said that sales of used Teslas hit a record in July,
jumping 270%. The average price for a used Model Y hit a new low
in July, down 41% since July 2023, Marketcheck said.
($1 = 0.8542 euros)