NEW YORK (AP) — Europeans still aren't buying Teslas with figures out Wednesday showing sales plunged for a fifth month in a row in May, a blow to investors who had hoped anger toward Elon Musk would have faded by now.
Tesla sales fell 28% last month in 30 European countries even as the overall market for electric vehicles expanded sharply, according to the European Automobile Manufacturers’ Association. The poor showing comes after Tesla's billionaire CEO had promised a “major rebound” was coming last month, adding to a recent buying frenzy among investors.
They were selling on Wednesday, pushing the prices down more than 4% in early afternoon trading.
Musk had said Tesla was sure to get a boost once the company was done retooling its factories to produce a new version of its biggest seller, the Model Y. But that was finished months ago, and the new models are widely available. Investors are now hoping that a cheaper Tesla expected to be out later year will help reverse the sales decline.
Overall, battery electric vehicle sales rose 25% in Europe compared to a year earlier. The market for EVs was particularly strong in Germany, where Musk has angered potential buyers by publicly supporting the far-right, anti-immigrant Alternative for Germany party in elections. Overall EV sales there leapt 45%.
China’s SAIC Motor was the big winner for the month with its European sales of EVs and other kinds of cars jumping 38%. That has allowed the company to leapfrog Tesla, which a year ago was selling more cars in the region.
SAIC sold 18,716 vehicles last month versus Tesla’s 8,729.
The sales drop for Tesla comes at a crucial time for the company as it launches a test run of its driverless ‘robotaxis’ service in Austin, Texas. Musk says that if goes well, he expects to introduce the service in several other cities in quick succession and have as many as a million of the automated cabs on roads by the end of the year.
Reviews so far have been mostly good, but the service is limited to a dozen or so cars and some passengers have circulated videos of problems during their rides, including one showing a robotaxi heading down a lane for opposing traffic.
Federal traffic safety regulators said Tuesday they were looking into the videos.
FILE - Tesla and SpaceX CEO Elon Musk speaks at the SATELLITE Conference and Exhibition, March 9, 2020, in Washington. (AP Photo/Susan Walsh, File)
ADELBODEN, Switzerland (AP) — The big surprise of the World Cup slalom season scored his second win Sunday adding to his fast-rising reputation before the Winter Olympics.
Paco Rassat raced to the fastest time in the second run to rise from fourth place, and push two Norwegians down the podium steps after they had been fastest in the morning run.
United States-born Atle Lie McGrath was edged out by 0.18 seconds and first-run leader Henrik Kristoffersen dropped to third, trailing 0.20 behind Rassat.
The 27-year-old Frenchman had a career-best result of ninth in World Cup races before this Olympic season started.
Rassat now has two wins, a third place and two sixth places this season and shapes as a medal contender for the Milano Cortina Olympics. The men’s slalom is on Feb. 16 at Bormio.
“To win on this crazy hill at Adelboden, It’s something really unbelievable," Rassat told Swiss broadcaster RTS, describing his season as “a magnificent surprise.”
Rassat also took the lead in the seasonlong World Cup slalom standings, ahead of his France teammate Clément Noël, the defending Olympic champion. Noël tied for eighth Sunday.
McGrath was runner-up in the Adelboden slalom for the third time in four years.
“It’s kind of crazy,” said McGrath, whose father Felix skied for the U.S. at the 1988 Calgary Olympics. “I’m of course super happy, it’s such a challenging slope and mentally it’s one of the toughest places to perform because of this amazing crowd.”
Another packed finish-area crowd at Adelboden observed a minute’s silence before racing for the victims of the fatal fire in a bar in nearby Crans-Montana on New Year’s Day. Crans-Montana hosts men’s and women’s World Cup races in three weeks’ time.
The World Cup overall standings leader, four-time title holder Marco Odermatt, does not ski slalom and his huge lead was cut a little by Lucas Pinheiro Braathen, who placed fourth. Pinheiro Braathen was second to Odermatt in the classic giant slalom Saturday.
The men’s World Cup circuit stays in central Switzerland for the storied Lauberhorn meeting at Wengen, for a super-G on Friday, the classic downhill Saturday and a slalom Sunday.
AP skiing: https://apnews.com/hub/alpine-skiing
Norway's Atle Lie McGrath reacts at the finish line during an alpine ski, men's World Cup slalom, in Adelboden, Switzerland, Sunday, Jan. 11, 2026. (AP Photo/Gabriele Facciotti)
Norway's Henrik Kristoffersen reacts at the finish line during an alpine ski, men's World Cup slalom, in Adelboden, Switzerland, Sunday, Jan. 11, 2026. (AP Photo/Gabriele Facciotti)
France's Paco Rassat speeds down the course during an alpine ski, men's World Cup slalom, in Adelboden, Switzerland, Sunday, Jan. 11, 2026. (AP Photo/Giovanni Zenoni)
France's Paco Rassat reacts at the finish line during an alpine ski, men's World Cup slalom, in Adelboden, Switzerland, Sunday, Jan. 11, 2026. (AP Photo/Gabriele Facciotti)
Finland's Eduard Hallberg speeds down the course during an alpine ski, men's World Cup slalom, in Adelboden, Switzerland, Sunday, Jan. 11, 2026. (AP Photo/Gabriele Facciotti)
Norway's Atle Lie McGrath speeds down the course during an alpine ski, men's World Cup slalom, in Adelboden, Switzerland, Sunday, Jan. 11, 2026. (AP Photo/Giovanni Zenoni)
Norway's Henrik Kristoffersen ahead of an alpine ski, men's World Cup slalom, in Adelboden, Switzerland, Sunday, Jan. 11, 2026. (AP Photo/Gabriele Facciotti)
Norway's Henrik Kristoffersen speeds down the course during an alpine ski, men's World Cup slalom, in Adelboden, Switzerland, Sunday, Jan. 11, 2026. (AP Photo/Gabriele Facciotti)
