Tesla’s sales in Europe fell again in July, marking the seventh straight monthly decline, despite the launch of the updated Model Y electric crossover, Reuters reports. Overall, Tesla’s sales across Europe dropped by more than one-third in the first half of the year.
According to official data:
In Sweden, Tesla registrations plunged 86% (to just 163 vehicles),
In Denmark, down 52% (336 vehicles),
In France, down 27% (1,307 vehicles),
In the Netherlands, down 62% (443 vehicles),
In Belgium, down 58% (460 vehicles),
In Italy, down 5% (457 vehicles),
In Portugal, down 49% (284 vehicles).
However, not all markets saw declines. In Norway, Tesla’s July sales rose 83%, and in Spain, they increased by 27%. This growth is partly attributed to aggressive financing offers, such as 0% interest loans in select Scandinavian countries. In Spain, the broader market for electrified vehicles jumped 155%, with Chinese rival BYD selling 2,158 cars, nearly eight times more than a year ago.
Elon Musk has acknowledged that “a few tough quarters” lie ahead, citing the lack of new affordable models until the end of the year and the phase-out of EV subsidies in the U.S. He also pointed to regulatory hurdles in the EU that are slowing the rollout of autonomous driving systems, a key selling point for the Model Y in the U.S.
Tesla began selling the updated all-wheel-drive Model Y in Europe in March 2025, and the rear-wheel-drive version in May. Despite this, Model Y registrations in July fell by 88% in Sweden and 49% in Denmark. In contrast, registrations in Norway quadrupled to 715 units.
Meanwhile, other European automakers — including Volkswagen, Mercedes-Benz, Stellantis, Renault, and BMW — have also warned of slowing demand and pressure from new U.S. import tariffs.
Klarna shares jumped 30% during the long-awaited debut in New York, valuing the Swedish fintech at $19.65 billion. This marked the end of years of anticipation for the company’s IPO and highlighted the recovery of the broader U.S. IPO market. The stock opened at $52 per share, compared with the IPO price of $40. The […]
Private equity firm GTCR has reached a €4.1 billion ($4.8 billion) deal to acquire Czech generics drugmaker Zentiva from Advent International, Financial Times reported on Wednesday, citing unnamed sources. Reuters was unable to immediately confirm the information. GTCR, Advent, and Zentiva did not respond to Reuters’ requests for comment. According to the report, the transaction […]
Tesla’s share of the U.S. auto market dropped in August to its lowest level in eight years, Reuters reports. Elon Musk’s company, which once controlled more than 80% of the U.S. EV market, accounted for just 38% in August. For the first time since October 2017, Tesla’s share fell below 40%. By comparison, Tesla EVs […]
Ford’s August sales data show that the electric crossover Mustang Mach-E outsold its gasoline “sibling” by more than two-to-one, according to Carscoops. Last month, 7,226 Mustang Mach-Es were sold in the U.S. — a 35.3% increase compared to August 2024. By contrast, the traditional gasoline Mustang sold just 3,235 units, or half as many. While […]
Worldwide chip sales in July rose by 20.6% year-on-year, reaching $62.1 billion. Compared to June, the semiconductor market grew by 3.6%, according to a press release from the Semiconductor Industry Association (SIA). Sales in North and South America jumped 23.9% year-on-year, in China by 10.4%, in Europe by 5.7%, and in the Asia-Pacific and other […]
The late designer Giorgio Armani instructed his heirs to gradually sell the fashion house he founded 50 years ago or to take it public. This is stated in his will, according to Reuters. Giorgio Armani died at the age of 91, leaving no children who could inherit his fashion empire, which industry analysts value at […]
In August, Ukraine’s vehicle fleet grew by more than 2,800 hybrid passenger cars (HEVs and PHEVs), which is 7% more than in July, Ukravtoprom reports. It is noted that the share of new cars in this number increased by 4 percentage points compared to the previous month, reaching 56%. In the new passenger car segment, […]
Oracle co-founder Larry Ellison has overtaken Elon Musk in the race for the title of the world’s richest person, Bloomberg reports. Ellison’s fortune surged by more than $100 billion thanks to an unprecedented rally in Oracle’s stock following the company’s quarterly earnings release. The results, published Tuesday evening in New York after markets closed, exceeded […]
The Windscribe privacy tool, based in Canada, failed to encrypt corporate VPN servers recently confiscated by the Ukrainian authorities. The company provides services through the OpenVPN program. The Android app has over 5 million installs, indicating that the user base is probably much larger. “On June 24, 2021, our monitoring systems informed us that two […]
Next
Nissan has introduced a new sports car Nissan GT-R NISMO Special Edition. The car is equipped with a dual 3.8-liter turbocharged V-6 engine with 600 horsepower and 481 Nm of torque. The sports car accelerates to 96 km/h in 2.8 seconds. The first sales in the US are expected this fall. The cost of the […]
Next
In July-September 2020, Ukrainian banks closed 251of the structural subdivisions, reducing the regional network to 7329 branches by October 1. This is stated in the data of the National Bank. Most branches in the third quarter were closed by the state Oschadbank – 166, reducing its total number to 1931. During the same period, the […]
Next
The Cabinet of Ministers has introduced a mandatory declaration of an increase in retail prices for gasoline and diesel fuel by more than 1%. Now the price increase must be reported in 20 days. This is stated in Government Resolution №450 of March 29, 2021, which was updated. The list of socially significant goods to […]
Next
The “Pan Kurchak” agroindustrial group got permission to export chicken to the EU. This is the third Ukrainian company, besides the MHP and “Agromars” Complex” that can ship products to Europe. Products designed for the European market will be produced at the facilities of “Gubin” poultry complex”, which were upgraded in 2015. “The advantage with […]
Next
In September Egyptian billionaire Naguib Sawiris said in his twitter about of his thoughts of ??buying the island somewhere in Greece or in Italy, to settle migrants and refugees there. This proposal was very popular in twitter, so Sawiris, who is one of the ten richest people in Africa, whose fortune is estimated at $ […]
Next
Deposit Insurance Fund (DIF) in the period of the interim administration and liquidation of insolvent Delta Bank recognized as negligible 175 deals worth 22.292 billion UAH. According to the DIF, in particular, to 11 business transactions, including the sale of the assets with the discount, or related parties, transaction of 12.2 million UAH were recognized […]
Next
Sunday Times newspaper has investigated and reported as Mondelez International (formerly known as Kraft Foods)-the biggest in North America and the second largest worldwide producer of food avoid paying taxes. According to the Sunday Times, the Cadbury owner – Mondelez International Company (formerly known as Kraft Foods), legally evaded taxes in the amount of tens […]
Next
The US company Amazon will expand its business in six cities of U S, investing more than $ 1.4 billion in this activity. This is stated in a statement published on the website of the corporation on Tuesday, August 18. “Today, we are pleased to announce the plans which provide for continued investment and the […]
Next
Sergey Kasyanov gave a controlling stake in the agricultural holding KSG Agro Swiss to the OLBIS company. Previously, CD Investments SA company owned the64.62% shares of the company. ICD Investments SA Holding Company (Switzerland) has transferred 64.62% stake of the agro-industrial company KSG Agro (Dnipropetrivsk region) to the OLBIS. This is stated in the message […]
Next
The Bank of Japan has announced plans to begin experimenting with the digital currency early next fiscal year. At the first stage, it is planned to test the main functions of the digital currency, including the methods of its issuance and circulation. The second stage involves additional technical experiments. The Bank of Japan may then […]
Next
OpenAI has announced the launch of group chats in ChatGPT for users worldwide, TechCrunch reports. After a week of testing, including in Japan and New Zealand, the feature will become available to all users in the coming days, regardless of subscription plan (Free, Go, Plus, or Pro). The new feature allows users to collaborate with […]
Next
Russia received its lowest fossil fuel revenues since the start of the war In the second quarter of 2025, Russia’s revenues from fossil fuel exports fell by 18% year-on-year, the worst figure since the invasion of Ukraine. This is stated in the monthly report of the Centre for Energy and Clean Air Research (CREA). Despite […]
Next
1000 business and political leaders from around the world and 30 speakers will gather over three days. Hosted in-person in Kyiv from 20-22 October 2021, they will discuss and create commercial and partnership opportunities to deliver a secure energy future. The event showcases Ukraine’s natural gas opportunities and attractive investment climate as well as the […]
Next
According to the source Inventure, Ukraine has attracted nearly $ 4 billion ($ 3.8 billion) of foreign investment over the past 2016. This figure exceeds the amount of 2015 almost doubly. These indicators were noted by First Vice Prime Minister of Ukraine Stepan Kubiv at the governmental seminar “The economic development of the regions: strategies […]
Next
