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Tesla Faces Fresh Setback in Key Market After Turkish Tax Shock

Tesla Faces Fresh Setback in Key Market After Turkish Tax Shock

Bloomberg24-07-2025
Tesla Inc. 's efforts to offset slumping European sales with gains in Turkey may be at risk after a surprise tax hike in one of the automaker's fastest-growing markets.
Turkey has raised the lowest tier of its special consumption tax for electric vehicles — which includes Tesla's top-selling Model Y — to 25% from 10%, according to a presidential decree published in the country's Official Gazette.
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