Tesla (NASDAQ:TSLA) shares experienced a downturn in trading on Wednesday, as the electric vehicle giant encountered significant challenges in its European market operations.
According to the latest figures released by the European Automobile Manufacturers' Association, Tesla's vehicle registrations in Europe fell to their lowest since January 2023.
The company registered only 13,951 units in April 2024, marking a 2.3% decline from the same period last year.
This downturn in registrations represents a new obstacle for Tesla, which has previously seen robust growth in the European market.