AUSTIN: Sales of new Tesla cars in France and Denmark fell in July for the seventh straight month, as the EV maker struggles with a backlash to CEO Elon Musk’s political views, regulatory challenges and competition from European and Chinese brands.
Tesla’s aging line-up is facing a wave of low-cost EV rivals, especially from China.
It is rolling out a revamped Model Y and starting to produce a new, cheaper model, but production of that will only ramp up next quarter, later than initially expected.