Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation 
Michael Dell Pledges $6.25 Billion to Boost Children’s Investment Accounts Under Trump Initiative 
Tesla Expands Affordable Model 3 Lineup in Europe to Boost EV Demand 
Momenta Quietly Moves Toward Hong Kong IPO Amid Rising China-U.S. Tensions 
Microchip Technology Boosts Q3 Outlook on Strong Bookings Momentum 
Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX 
Airbus Faces Pressure After November Deliveries Dip Amid Industrial Setback 
USPS Expands Electric Vehicle Fleet as Nationwide Transition Accelerates 
OpenAI Moves to Acquire Neptune as It Expands AI Training Capabilities 
Proxy Advisors Urge Vote Against ANZ’s Executive Pay Report Amid Scandal Fallout 
Visa to Move European Headquarters to London’s Canary Wharf 
Anthropic Reportedly Taps Wilson Sonsini as It Prepares for a Potential 2026 IPO 
Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature 
Netflix’s Bid for Warner Bros Discovery Aims to Cut Streaming Costs and Reshape the Industry 
Tesla Faces 19% Drop in UK Registrations as Competition Intensifies 
Rio Tinto Raises 2025 Copper Output Outlook as Oyu Tolgoi Expansion Accelerates 
GM Issues Recall for 2026 Chevrolet Silverado Trucks Over Missing Owner Manuals 
Tesla’s UK new car sales dropped sharply by over 45% year-on-year in May, according to preliminary figures from research group New AutoMotive. The U.S. electric vehicle maker sold just 1,758 units last month, compared to 3,244 during the same period in 2023.
The decline comes as Tesla faces mounting competition in the electric vehicle (EV) market and growing public criticism of CEO Elon Musk’s political stance, particularly his alignment with far-right ideologies in Europe. This shift in public sentiment appears to be impacting Tesla’s brand appeal across key European markets.
Despite the drop, Tesla (NASDAQ:TSLA) maintained its position as the top-selling battery electric vehicle (BEV) brand in Britain for the year to date. The company’s strong overall performance earlier in the year has helped it stay ahead of rivals, even as May figures suggest waning momentum.
The broader UK auto market showed resilience, with total new car registrations increasing by 4.3% to 144,098 units in May. Battery electric vehicle sales rose significantly—up 28% compared to a year earlier—highlighting continued consumer interest in EVs.
Meanwhile, Chinese automaker BYD (SZ:002594) made substantial gains, more than doubling its UK sales to 1,388 units. This growth underscores the rising influence of Chinese EV brands in Western markets, posing a stronger challenge to incumbents like Tesla.
As EV adoption accelerates and political perceptions weigh on brand loyalty, Tesla may need to recalibrate its public image and pricing strategies to defend its leadership position in the competitive UK electric vehicle sector.
