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Tesla Lagging Behind Competitors In European EV Markets

OilPrice.com Thursday, 21 March 2019
CEO Elon Musk and the Tesla team have succeeded in making their company the most widely used electric vehicle brand name, but this has not yet led to global EV sales dominance. Competitor BMW just issued a report conducted by global consulting firm IHS Markit and based on new vehicle registrations from Feb. 2018 to Feb. 2019. BMW has 16 percent of plug-in vehicle market share in Europe, while Tesla tied for fifth place with Volvo, according to the study. In its home market of Germany, BMW has 20 percent share with Tesla coming in at 3…
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News video: Markets Turbulent After Grim German Manufacturing Data Emerges

Markets Turbulent After Grim German Manufacturing Data Emerges 00:34

German 10-year bond yields plunged below zero while European shares and the euro fell on Friday as well. German manufacturing contracted for a third straight month in March, compounding worries that trade disputes are exacerbating a slowdown in Europe’s biggest economy. According to Reuters, the...

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