07-March-2026
Corporate News
 
Tesla UK Car Sales Drop 37% as Chinese Competition Heightens, SMMT Data Shows
06-Mar-2026

Tesla's UK sales dropped 37% in February from a year earlier, data from the Society of Motor Manufacturers and Traders (SMMT) showed on Thursday, as the automaker stayed under pressure from booming demand for EVs from Chinese competitors such as BYD. Tesla's sales declined to 2,422 vehicles during the month from 3,852 units a year earlier, the data showed. Overall, total new car sales in the UK rose 7.2% to 90,100 units, marking the best February since 2004, the data showed, helped by recovering private retail sales.

News Source:- https://money.usnews.com/investing/news/articles/2026-03-05/tesla-uk-car-sales-drop-37-as-chinese-competition-heightens-smmt-data-shows