Tesla is seeing its sales continue to dip across Europe’s largest electric vehicle markets, even as demand for EVs surges. The slump is costing the company valuable market share in countries where competition is growing.

Despite an overall 3% rise in US auto sales during the second quarter of 2025, Tesla reported a 13% drop. The contrast highlights changing dynamics in a market that continues to embrace electric vehicles even as one of the sector’s leading names faces a setback.

Xiaomi’s stock has reached a new peak, propelled by the strong preorders of its YU7 electric vehicle, signaling a significant milestone for the tech giant. The surge reflects growing investor confidence and marks Xiaomi’s notable presence in the competitive EV market.