In October, TESLA saw its sales plummet in select European countries, including Spain, the Netherlands, and Nordic markets, Reuters Reports.
The U.S. electric vehicle maker has struggled to sustain momentum on the continent through most of 2025, as newer EV models from both legacy manufacturers and Chinese brands continue to draw customers away from its ageing lineup.
Industry data cited by Reuters showed Tesla’s new car registrations — a common proxy for sales — dropped 89% in Sweden, 86% in Denmark, 50% in Norway, and 48% in the Netherlands. Sales in Spain also fell 31%, even as industry-wide sales of fully electric and plug-in hybrid vehicles surged 119%. France was the lone bright spot, where Tesla posted modest growth for a second consecutive month.
Despite its slump, Tesla remains Norway’s top automaker, though analysts warn that dominance may not last. “Car buyers have more choice than ever,” Ginny Buckley, CEO of Electrifying.com told Reuters, noting that Tesla “no longer has the market to itself.”
In Denmark and Spain, Chinese manufacturers such as BYD, Xpeng, and Geely’s Zeekr outsold Tesla by wide margins. The company’s European downturn comes amid a growing backlash against CEO Elon Musk, who has drawn criticism for his political affiliations.
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Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week. Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more

