Tesla's European sales keep collapsing even as the EV market grows
Elon Musk's brand catastrophe in Europe is only getting worse.
Tesla's sales collapsed 49% in Europe last month, according to data from the European Automobile Manufacturers Association (ACEA), as the automaker continues to battle a brand crisis in its third-largest market.
The slump came even as sales of battery electric vehicles in Europe rose by nearly 28%, per ACEA data.
It also suggests that the refreshed version of Tesla's best-selling Model Y, which began rolling off production lines earlier this year, has so far failed to turn things around.
The backlash against CEO Elon Musk's role in the Trump administration has depressed Tesla's sales across the globe and turned the automaker into a target for protests and vandalism.
The resulting brand crisis has been exacerbated in Europe by Musk's support of the German far-right party AfD, which has seen the billionaire draw criticism from German politicians and other industry figures.
In an interview at the Qatar Economic Forum last week, Musk rebuffed suggestions that Tesla was struggling to shift its EVs, saying that other companies were also struggling in Europe and that Tesla was seeing no issues with demand.
While some of Tesla's rivals have struggled, none have seen as great a drop in sales. What's more, BMW, Renault, and VW — which overtook Tesla to become the biggest EV seller in Europe in March — have all seen their sales grow so far this year, per ACEA data.
To make matters worse for Tesla, several of the company's Chinese rivals have recorded surging sales in Europe so far this year.
State-owned auto conglomerate SAIC Motor saw its sales jump nearly 25% in April, while Tesla nemesis BYD sold more electric vehicles than Tesla in Europe for the first time last month, as it puts the automaker under pressure across the globe.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
16 minutes ago
- Yahoo
Vance Threatens to Deport Menswear Fan Who Hates His Suits
Vice President JD Vance is threatening to deport the fashion guru who went viral for criticizing his suits as 'too small' and his ties for not matching the occasion. Derek Guy, known as the 'Menswear Guy,' said Sunday he is in the U.S. illegally—a revelation that right-wing accounts and Vance quickly seized on. 'The menswear guy just openly admitted on here that he's here illegally,' one X account posted. A second user quote-tweeted that initial post and added, 'JD Vance I know you're reading this and you have the opportunity to do the funniest thing ever.' This caught the vice president's attention. Vance replied at 11:30 a.m. Monday with a GIF of Jack Nicholson slowly nodding his head, raising his eyebrows, and flashing his menacing, signature grin. Vance, 40, did not elaborate further on his veiled threat. His office did not respond to an email from the Daily Beast asking for clarification on whether he is serious or not. Guy responded to the threat with a joke about how tight Vance's clothes can be on occasion. 'I think I can outrun you in these clothes,' he tweeted at Vance. Guy said he was inspired to tell his story because of the growing unrest in Los Angeles, which has been the site of recent immigration raids and demonstrations against the crackdown that have not always been peaceful. The fashion writer said his family fled Vietnam after the Tet Offensive and eventually made it to Canada, where he was born. Not long after, he said his mother carried him across the northern border of the United States, and he has lived here ever since. Guy suggested in his lengthy post that he is not a DACA recipient, which would provide him with legal protections in the U.S. as a childhood arrival who had no say in his illegal entry. Still, Guy emphasized that the U.S. is the only country he has ever known. He has used his platform on X, where he has 1.3 million followers, to criticize the sartorial choices of right-wing figures, with Vance among the men he has targeted the most. Guy posted in July that Vance's jackets 'don't hug him very well.' He compared photos of Vance in a jacket with those of Chinese leader Xi Jinping, whom he noted has jackets that are 'properly seated on his neck.' The critiques only got harsher from there. In October, Guy posted a thread criticizing Vance for wearing a fuchsia raw silk tie to his vice presidential debate against Minnesota Gov. Tim Walz. 'You should also know what you're communicating,' Guy wrote. 'A fuchsia raw silk tie is very casual because of its color and material. To me, this is something you wear with seersucker or cream linen suits to summertime garden parties. The tie says, 'I'm here to have fun.'' Guy, who has published fashion critiques in Politico and been quoted as an expert by The Guardian and The Washington Post, continued his grilling of Vance into MAGA 2.0. He wrote on the eve of the inauguration, 'Vance's sleeves are too slim, causing them to catch on his shirt and ride up. Common problem any time something is too slim—might look good when you're standing still at the fitting, but it will bunch and catch as soon as you move.' Then, a month in, he could not resist taking a jab at Vance for wearing way-too-short pants on stage at CPAC, occasionally exposing part of his shin and calf. 'The second lady should advise him to get wider pants and over the calf socks so that his bare leg doesn't show when he sits down,' he wrote.
Yahoo
27 minutes ago
- Yahoo
US-China trade talks to resume for a second day
By Kate Holton and Alistair Smout LONDON (Reuters) -Top U.S. and Chinese officials will resume trade talks for a second day in London on Tuesday, hoping to secure a breakthrough over export controls for goods such as rare earths that have threatened a global supply chain shock and slower economic growth. Investors are hoping that the two superpowers can improve ties after the relief sparked by a preliminary trade deal agreed in Geneva last month gave way to fresh doubts after Washington accused Beijing of blocking exports that are critical to sectors including autos, aerospace, semiconductors and defence. The talks come at a crucial time for both economies, with customs data showing that China's exports to the U.S. plunged 34.5% in May, the sharpest drop since February 2020, when the outbreak of the COVID-19 pandemic upended global trade. While the impact on U.S. inflation and the jobs market has so far been muted, the dollar remains under pressure from U.S. policymaking. The two sides met at the ornate Lancaster House in the British capital on Monday to discuss disagreements around the Geneva deal, and are due to resume talks early on Tuesday before both sides are expected to issue updates. The U.S. side is led by U.S. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer, while the Chinese contingent is helmed by Vice Premier He Lifeng. The inclusion of Lutnick, whose agency oversees export controls for the U.S., is one indication of how central rare earths have become. China holds a near-monopoly on rare earth magnets, a crucial component in electric vehicle motors. Lutnick did not attend the Geneva talks at which the countries struck a 90-day deal to roll back some of the triple-digit tariffs they had placed on each other. Trump's often erratic policymaking on tariffs has roiled global markets, sparked congestion and confusion in major ports, and cost companies tens of billions of dollars in lost sales and higher costs. The second round of meetings between the two sides comes four days after Trump and Xi spoke by phone, their first direct interaction since Trump's January 20 inauguration. Following the call Trump said Xi had agreed to resume shipments to the U.S. of rare earths minerals and magnets, and Reuters reported that China has granted temporary export licenses to rare-earth suppliers of the top three U.S. automakers. But tensions remain high over the export controls, after factories around the world started to fret that they would not have enough of the materials they need to keep operating. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
32 minutes ago
- Yahoo
iFLYTEK Wins CNCF End User Case Study Contest for Scalable AI Infrastructure Breakthroughs with Volcano
Company to present large-scale Kubernetes model training success at KubeCon + CloudNativeCon China 2025 HONG KONG, June 9, 2025 /PRNewswire/ -- The Cloud Native Computing Foundation® (CNCF®), which builds sustainable ecosystems for cloud native software, today announced iFLYTEK as the winner of the CNCF End User Case Study Contest. Selected for its impactful implementation of Volcano, iFLYTEK will present its success scaling large AI model training at KubeCon + CloudNativeCon China 2025, 10–11 June in Hong Kong. iFLYTEK, a Chinese tech firm focused on speech and language AI, faced scaling issues as its workloads grew. Inefficient scheduling left GPUs underused, workflows became harder to manage, and teams competed for resources. These challenges slowed progress and strained infrastructure. With Volcano, iFLYTEK adopted elastic scheduling, DAG-based workflows, and multi-tenant isolation, resulting in simplified operations and improved resource usage. "Before Volcano, coordinating training under large-scale GPU clusters across teams meant constant firefighting, from resource bottlenecks and job failures to debugging tangled training pipelines," said DongJiang, senior platform architect, iFLYTEK. "Volcano gave us the flexibility and control to scale AI training reliably and efficiently. We're honored to have our work recognized by CNCF, and we're excited to share our journey with the broader community at KubeCon + CloudNativeCon China." Volcano is a cloud native batch system built on Kubernetes, designed for high-performance workloads such as AI/ML training, big data processing, and scientific computing. It offers advanced scheduling capabilities such as job orchestration, resource fairness, and queue management, which are essential for managing large-scale, distributed tasks efficiently. Accepted into the CNCF Sandbox in 2020 and promoted to Incubating maturity level in 2022, Volcano has become a foundational tool for organizations running compute-intensive workloads. As AI demand increased, iFLYTEK turned to Volcano to support the growing complexity and scale of their training infrastructure. The engineering team was looking for a way to more efficiently allocate resources, manage complex multi-stage training workflows, and minimize job disruptions; all while ensuring fair access for different teams. With Volcano, they are now able to streamline operations, better utilize GPUs, and stabilize long-running jobs: 40% increase in GPU utilization, cutting infrastructure costs and reducing idle compute. 70% faster recovery from job failures, ensuring uninterrupted training processes. 50% acceleration in hyperparameter search, enabling faster iteration and innovation. "iFLYTEK's case study shows how open source can solve complex, high-stakes challenges at scale," said Chris Aniszczyk, CTO of CNCF. "By using Volcano to boost GPU efficiency and streamline training workflows, they've cut costs, sped up development, and built a more reliable AI platform on top of Kubernetes, which is essential for any organization striving to lead in AI." As AI workloads grow more complex and resource-intensive, iFLYTEK's experience shows how cloud native tools like Volcano can help teams simplify operations and improve scalability. Their upcoming KubeCon + CloudNativeCon China presentation will share practical insights on managing distributed training more effectively in Kubernetes environments. For more information and the full event schedule, including iFLYTEK's session "Scaling Large Model Training in Kubernetes Clusters with Volcano" on 11 June, visit: Additional Resources CNCF Newsletter CNCF Twitter CNCF Website Learn About CNCF Membership Learn About the CNCF End User Community About Cloud Native Computing FoundationCloud native computing empowers organizations to build and run scalable applications with an open source software stack in public, private, and hybrid clouds. The Cloud Native Computing Foundation (CNCF) hosts critical components of the global technology infrastructure, including Kubernetes, Prometheus, and Envoy. CNCF brings together the industry's top developers, end users, and vendors and runs the largest open source developer conferences in the world. Supported by more than 800 members, including the world's largest cloud computing and software companies, as well as over 200 innovative startups, CNCF is part of the nonprofit Linux Foundation. For more information, please visit The Linux Foundation has registered trademarks and uses trademarks. For a list of trademarks of The Linux Foundation, please see our trademark usage page. Linux is a registered trademark of Linus Torvalds. Media ContactKaitlin ThornhillThe Linux Foundationpr@ View original content to download multimedia: SOURCE Cloud Native Computing Foundation
