financetom
Business
financetom
/
Business
/
Tesla's UK car sales drop over 45% in May, New AutoMotive early data shows
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Tesla's UK car sales drop over 45% in May, New AutoMotive early data shows
Jun 3, 2025 4:35 PM

(Reuters) -Tesla's new car sales in Britain tumbled more than 45% from a year earlier in May, preliminary data from research group New AutoMotive showed on Wednesday.

The automaker, which has been losing market share in part because of CEO Elon Musk's embrace of far-right politics in Europe, sold 1,758 units in Britain last month, down from 3,244 a year earlier, the data showed.

Yet, Tesla remained the best-selling battery electric vehicle in Britain so far this year.

Overall new car registrations in the UK increased 4.3% to 144,098 units in May, according to New AutoMotive, with BEV sales rising 28% year-on-year.

Among Chinese rivals, BYD more than doubled its new car sales in the UK to 1,388 units during the month.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Update: Apple, Google, Snapchat Face Scrutiny on Child Safety Systems, European Commission Says
Update: Apple, Google, Snapchat Face Scrutiny on Child Safety Systems, European Commission Says
Oct 13, 2025
05:30 AM EDT, 10/13/2025 (MT Newswires) -- (Updates with Google's ( GOOG ) response in the sixth paragraph) Apple ( AAPL ) , Google ( GOOG ) , YouTube ( GOOG ), and Snap (SNAP) are facing scrutiny over their age verification and safety systems under the Digital Services Act, the European Commission said Friday. The commission is asking the...
Caterpillar to acquire Australia's RPMGlobal for $728 million
Caterpillar to acquire Australia's RPMGlobal for $728 million
Oct 13, 2025
(Reuters) -Australian mining software firm RPMGlobal said on Monday that it has struck a deal to be acquired by heavy machinery giant Caterpillar for a total equity value of A$1.12 billion ($728.22 million).  The news comes after Caterpillar had offered to buy the Australian company at A$5 per share in early September. RPM shares had jumped to a high of...
Stellantis delays new CEO's 2026 strategy presentation
Stellantis delays new CEO's 2026 strategy presentation
Oct 13, 2025
MILAN (Reuters) -Stellantis ( STLA ) has postponed the launch of its latest strategic plan until the second quarter of 2026 to give new CEO Antonio Filosa longer than originally expected to prepare for its capital markets day. The delay will give the automaker a chance to better factor in critical exogenous factors such as U.S. tariffs and the robust...
Jefferies Financial Says Any First Brands-Related Losses 'Can Readily Be Absorbed'
Jefferies Financial Says Any First Brands-Related Losses 'Can Readily Be Absorbed'
Oct 13, 2025
05:28 AM EDT, 10/13/2025 (MT Newswires) -- Jefferies Financial Group ( JEF ) said Sunday it will be able to absorb any losses or expenses related to its indirect exposure to auto-parts maker First Brands Group, which recently filed for bankruptcy. Relative to the scale of Jefferies, we are confident that any losses or expenses from these investments or otherwise...
Copyright 2023-2026 - www.financetom.com All Rights Reserved