Tesla's market share continues to decline in Europe.

In July, Tesla's sales in the UK and Germany plummeted, while BYD showed strong growth. This result highlights Tesla's continuous loss of market share in the European market, as tracked by the European Automobile Manufacturers' Association for the sixth consecutive month. Tesla is facing intense competition from Chinese electric car manufacturers, higher tariff costs, and multiple pressures from the upcoming expiration of the US electric vehicle tax credit policy.