Tesla Registrations Tumble 64% In UK In October Even As Overall EV Registrations Rise

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Tesla Registrations Tumble 64% In UK In October Even As Overall EV Registrations Rise - Benzinga

Quick Summary:

EV giant Tesla Inc.’s (NASDAQ:TSLA) car registrations dropped by a steep 64% in October as compared to the corresponding period last year, according to industry data.

Tesla’s Chinese rival BYD Co Ltd, however, witnessed registrations rise from 183 in October last year to 780 units in the corresponding month of this year.

What Happened: Tesla had just 971 new vehicle registrations in October as compared to 2,677 in October 2023, the Society of Motor Manufacturers and Traders (SMMT) said.