Tesla’s electric vehicle sales in Portugal dropped sharply in August, marking a 37% decline compared to the same month last year. The downturn reflects broader challenges in the European market, where demand for high-end EVs has softened amid economic pressures. Industry analysts suggest rising interest rates and shifting consumer priorities may be contributing to the slowdown. The news raises questions about Tesla’s ability to sustain growth in key markets beyond North America and China.
Tesla sales in Portugal fall 37% y/y in August Reuters
