Tesla (NASDAQ:TSLA) saw a sharp drop in UK vehicle registrations last month, with preliminary figures from research group New AutoMotive showing a 19% decline versus November of last year.
The EV maker logged 3,784 registrations for the month, down from 4,680 a year earlier — a proxy often used to gauge sales momentum in the auto sector.
Parallel data from the Society of Motor Manufacturers and Traders (SMMT) painted a similar picture, indicating Tesla registrations slid 17.2% year-on-year to 3,772 units.
The contraction in the UK mirrors significant declines across several European markets in November, as Tesla faces mounting competitive pressure, particularly from Chinese electric vehicle brands.
SMMT data further showed that Tesla’s performance slipped behind both traditional automakers and fast-growing Chinese competitors in the UK market.