Despite the much-anticipated launch of Tesla’s Model Y, the electric vehicle giant is witnessing a notable downturn in sales across European markets. Once considered an uncontested leader in the EV sector, Tesla (TSLA) now faces mounting obstacles as local competitors gain momentum and consumer preferences evolve rapidly throughout Europe. The initial optimism surrounding the Model Y’s potential to strengthen Tesla’s foothold has been tempered by disappointing registration numbers, prompting industry experts to reassess Tesla’s approach within this dynamic automotive environment.

The drop in Tesla registrations coincides with several critical factors reshaping Europe’s EV landscape. Key among these are intensified rivalry from domestic automakers who have accelerated their electric offerings tailored specifically for European tastes…