Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges 
Coca-Cola’s Proposed Sale of Costa Coffee Faces Uncertainty Amid Price Dispute 
United Airlines Tokyo-Bound Flight Returns to Dulles After Engine Failure 
California Jury Awards $40 Million in Johnson & Johnson Talc Cancer Lawsuit 
Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
Coca-Cola’s Costa Coffee Sale Faces Uncertainty as Talks With TDR Capital Hit Snag 
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
CMOC to Acquire Equinox Gold’s Brazilian Mines in $1 Billion Deal to Expand Precious Metals Portfolio 
ANZ Faces Legal Battle as Former CEO Shayne Elliott Sues Over A$13.5 Million Bonus Dispute 
Rio Tinto Signs Interim Agreement With Yinhawangka Aboriginal Group Over Pilbara Mining Operations 
iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
Woolworths Faces Fresh Class Action Over Alleged Underpayments, Shares Slide 
SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation 
SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles 
SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand 
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.
