Tesla's (TSLA) Europe woes are only getting worse.

According to the European Automobile Manufacturers' Association (ACEA), Tesla electric vehicle registrations (a proxy for sales) in Europe fell to just 6,964 units in October, a 48.5% drop compared to a year ago. Meanwhile, total EV registrations in the region, which includes the UK and the European Free Trade Association, rose 32.9% in October, with overall registrations regardless of powertrain up 4.9%.

October's total marks the 10th straight month of declining Tesla sales in Europe. Meanwhile, the overall market share of EVs in the broader European region grew to 16.4%. NasdaqGS - Nasdaq Real Time Price โ€ข USD Tesla, Inc. (TSLA) 426.58 +7.18 +(1.71%) At close: November 26 at 4:00:00 PM EST 426.57 -0.01 (-0.00%) After hours: 7:59:59 PM EST Date Close Open High Low

Tesla's sales hangover rolled on in certain key European territories, with the introduction of the revamped Model Y not enough to blunt the effect of rising competition and CEO Elon Musk's deep unpopularity.

October's sales slide follows a rough 2025 for Tesla year to date in broader Europe.

In the first 10 months of the year, Tesla sales dropped 29.6% to 180,688 units, per the ACEA. Conversely, Tesla's overall market share in Europe dropped to 1.6% from 2.4% a year ago.

Meanwhile, Tesla's Chinese competitor BYD (BYDDY), which sells a mix of pure EVs and hybrids, reported sales jumping 207% to 17,470 units sold in Europe. Another major China rival, SAIC, saw sales climb 46% to just under 24,000 vehicles sold.

While weakening sales in a key, EV-centric region should be a concern, it hasn't been a significant issue for Tesla stock.

On Monday, Tesla shares surged nearly 7% after Melius Research tabbed the EV maker a "must own" due to its autonomy efforts and as CEO Elon Musk talked up its chipmaking progress.

Read more: How to avoid the sticker shock on Tesla car insurance The editorial image shows the interior of the new Tesla Model 3 with Full Self-Driving activated. The photograph highlights the advanced autonomous driving system and the innovative design of Tesla's electric vehicles, representing the future of mobility and sustainable transport in Bari, Italy, on September 6, 2025. (Photo by Matteo Della Torre/NurPhoto via Getty Images) The interior of the new Tesla Model 3 with Full Self-Driving activated, highlighting the advanced autonomous driving system and design of Tesla's electric vehicles, in Bari, Italy, on Sept. 6, 2025. (Matteo Della Torre/NurPhoto via Getty Images) ยท NurPhoto via Getty Images

"One of the reasons we called Tesla a 'must own' in our recent launch โ€” despite all the obvious risks โ€” is that the world is about to change, dramatically," analyst Rob Wertheimer wrote. "Autonomy is coming very soon, and it will change everything about the driving ecosystem.โ€

The main spark appears to be the latest version of Tesla's full self-driving (FSD) software, which is available in the US and select territories.

While investors own Tesla stock mostly for the AI and autonomous potential, there could be good news from the self-driving front for European buyers.

The Netherlands RDW automotive governing body said it has set up a schedule allowing Tesla to demonstrate in February whether FSD meets requirements but has not approved it yet.

Getting at least one automotive regulator in Europe to approve FSD would be a huge step in the right direction for Tesla and may help staunch the sales slide in the region.

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[+] 42 points 11 months ago* (last edited 6 months ago) (1 child)
  • [โ€“] 34 points 11 months ago

    No surprise, people here looking embarrassed driving a swasticar

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  • [โ€“] 21 points 11 months ago

    Keep falling. Fuck Elon!

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  • [โ€“] 16 points 11 months ago (1 child)

    Only 50%

    Do people need a reminder of who owns this company?

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  • [โ€“] 5 points 11 months ago

    I certainly don't. Picked a Volvo over Tesla. Actually the Tesla was far down on my list of brands. I had already heard the manufacturing quality of Teslas was atrocious. The Nazism was just the last straw/beam.

    I have a colleague with a Tesla, and his towbar just fell right off when he was trying to tow a trailer. It just came right off. Well within weight limits as well.

    Tesla wouldn't touch it. Dealership refers to Tesla upstream. Local mechanics can't do anything.

    I said hell naw.

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  • [โ€“] 15 points 11 months ago (1 child)

    Autonomy is coming very soon

    They have been saying this for literal years now, but Tesla's insistence on using cameras instead of LIDAR makes FSD impossible. People need to realize this

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  • [โ€“] 15 points 11 months ago (5 children)

    FSD is not legal in the EU. Cars are safety inspected in the EU every year and that would be a bad time for Tesla owners.

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  • [โ€“] 18 points 11 months ago (4 children)

    In Finland, about 50% of Tesla Model 3s fail their 4-year inspection.

    https://yle.fi/a/74-20184982 (the article is in Finnish)

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  • [โ€“] 7 points 11 months ago (1 child)

    Doesn't matter, Musk is getting his trillion anyway. Because, that makes sense.

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  • [โ€“] 2 points 11 months ago* (last edited 11 months ago)

    Actually, the way I understand it, he won't be getting it if things continue to go south for Tesla.

    Goals for Musk over the next decade include the company's delivering 20 million vehicles, having 1 million robotaxis in operation, selling 1 million robots and earning as much as $400 billion in core profit. But in order for him to get paid, Tesla's stock value has to rise in tandem, first to $2 trillion from the current $1.5 trillion, and all the way to $8.5 trillion.

    Achieving each step - an operational goal and a valuation milestone - awards Musk 1% of stock. So the plan could still hand Musk tens of billions of dollars even if he falls short of most of its ambitious targets.

    If Musk hits all of them, he would be eligible for 12% in stock, or about $1 trillion.

    https://www.reuters.com/legal/transactional/tesla-shareholders-approve-878-billion-pay-plan-elon-musk-2025-11-06/

    It's not a completely dumb plan by the investors to keep him focused on the company, but certainly is bonkers renumeration and wild direction.

    Personally, I think their investments will be safer with him waaay away from Tesla, rather than concocting hail-mary schemes to drive an already severely inflated stock to even more inflated valuations.

    But hey, I don't invest in shares, so what do I know, and what do I care about theze bozos.

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  • [โ€“] 3 points 11 months ago

    Forget the varying quality. Maybe even forget the Nazism. But I would not be complicit in Elon being paid $1Trillion. Never will I ever own anything by Tesla for that reason alone. Everyday I am so glad I did not succumb and buy a Tesla 8 years ago when I instead bought my Kia Soul EV.

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  • [โ€“] 3 points 11 months ago

    Waiting for the tesla bubble to pop

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  • [โ€“] 3 points 11 months ago (2 children)

    Imagine throwing your heart out to the world you love, only to be abandoned. /s

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  • [โ€“] 3 points 11 months ago

    Music to my ears!

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  • 14 comments in c/hackernews@lemmy.bestiver.se view that post
    [โ€“] 25 points 11 months ago (4 children)

    Yet some how their stock keeps rolling on. Something is not adding up here.

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  • [โ€“] 8 points 11 months ago

    Investors and fund managers know damned well they're holding a swelling water balloon. As with the AI bubble, they're trying to ride the tiger and bail at the last minute. Problem with riding a tiger is you can't really get off without getting chewed up, hence the saying.

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  • [โ€“] 14 points 11 months ago (4 children)

    Some arseholes are still buying them ๐Ÿคฆ

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  • [โ€“] 9 points 11 months ago (1 child)
  • [โ€“] 3 points 11 months ago (1 child)

    10 months of massive sales declines in a market that's flocking to EVs. And their share price doubles in that period of time. Totally rational.

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  • [โ€“] 2 points 11 months ago

    But now that his PP no work, he can concentrate his Super Genius on the next big thing.

    1. The Intercontinental Squirrel Highway

    A $400-billion network of tiny suspension bridges, zip-lines, and roundabouts allowing squirrels to travel from Vancouver to Miami without ever touching the ground.

    1. The Global Cloud-Shaping Initiative

    A trillion-dollar orbital laser array whose sole purpose is to sculpt clouds into nicer shapesโ€”dragons on Mondays, inspirational thumbs-up on Fridays.

    1. The Moon-to-Earth Water Slide

    A 384,000-km water slide starting on the Moon and ending in Bermuda.

    1. The Self-Petting Zoo

    A $75-billion facility where robotic animals pet you. Features include:

    The Comfort Cowโ„ข

    The Encouragement Goatโ„ข

    1. The Great Global Slushy Pipeline

    An insulated pipeline system transporting free slushies to every city on Earth.

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