Tesla’s EU sales slump continues; China’s premier warns global trade tensions ‘intensifying’ – business live

News Snapshot:

02.41 EDT Introduction: Tesla’s EU sales slumped in May despite EV market growth Good morning, and welcome to our rolling coverage of business, the financial markets, and the world economy. Tesla’s sales across Europe are continuing to slide, even as demand for electric cars rises. The latest car sales data, just released, shows that Tesla sold 8,729 vehicles across the European Union last month, down from 14,682 in May 2024. That’s a 40.5% drop, which shrinks Tesla’s market share from 1.6% to 0.9%. Tesla’s shares have been sliding across Europe through 2026, a decline blamed on CEO Elon Musk’s political...