BMW Outpaces Tesla With More BEV Registrations In Europe In July Than Elon Musk's EV Giant For The First Time
Portfolio Pulse from Anan Ashraf
In July, BMW surpassed Tesla in battery-electric vehicle (BEV) registrations in Europe for the first time, with 14,869 units compared to Tesla's 14,561. Despite this, the Tesla Model Y remained the bestselling EV. Overall EV demand in Europe declined, with market share dropping to 13.5% from 14.6% the previous year.
August 23, 2024 | 5:46 am
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Tesla was outpaced by BMW in BEV registrations in Europe for the first time in July, with Tesla registering 14,561 units. Despite this, the Tesla Model Y was the bestselling EV. Overall EV demand in Europe is declining.
Tesla being surpassed by BMW in BEV registrations in Europe could indicate a shift in market dynamics, potentially affecting Tesla's market share and investor sentiment negatively in the short term. However, the Tesla Model Y's status as the bestselling EV may mitigate some negative impact.
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