Posted 1/5/2024, 1:45:00 PM
Tesla Sales Drop Sharply in Germany and UK, Lose Global EV Sales Lead to BYD
- Tesla's sales plunged 77% in Germany and 9% in the UK in December, wiping out full-year gains
- Tesla lost its global EV sales crown to Warren Buffett-backed BYD for the first time
- Part of the sales drop is due to Model 3 buyers delaying purchases awaiting a facelift model
- Germany scrambled EV subsidies, catching buyers off guard and infuriating the car industry
- Tesla shut down Model Y production in Germany for 2 weeks in December to control inventories