Electric-vehicle (EV) maker Tesla’s (TSLA) June sales in the UK, one of Europe’s key EV markets, rose 12% year-over-year, helped by the launch of its refreshed Model Y, according to data from New AutoMotive. The company sold 7,891 cars during the month, compared to 7,019 in June last year. The boost came as the U.S. carmaker began deliveries of its updated Model Y, which helped attract buyers. But with rising pressure from rivals like BYD (BYDDY) and Ford (F), this rebound may be short-lived.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Despite the lift in June, Tesla’s total UK sales for the first half of 2025 remain nearly 2% lower than last year, indicating the June boost wasn’t enough to turn the year around.
Electric Cars Are Gaining Ground
June was a strong month for the UK car market. Overall, new car registrations rose 12.8% to almost 187,655 units. Sales of battery electric vehicles (EVs) jumped 45.5% year-over-year. In fact, electric cars made up about one in four new vehicles sold.
Tesla stayed on top of the UK EV market in June, but its rivals are getting stronger. Chinese carmaker BYD sold 2,498 cars in June, almost four times more than it did a year earlier. Its UK sales so far this year have also seen a sharp surge.
Meanwhile, Ford’s EV push is picking up speed. The U.S. brand’s electric car sales in Britain jumped more than four times in the first half of 2025, marking the fastest growth among major players.
Can Tesla Keep Up?
Tesla remains a key player in the UK EV space. But with new competition heating up, especially from China, it faces a tougher road ahead. With rivals like BYD and Ford moving fast, Tesla will need to keep updating its models and stay competitive on price.
For now, June offers some hope. But to stay ahead, Tesla will need more than one strong month.
Is TSLA Stock a Buy?
Turning to Wall Street, TSLA stock has a Hold consensus rating based on 14 Buys, 12 Holds, and nine Sells assigned in the last three months. At $293.09, the average Tesla price target implies a 7.06% downside potential. The stock has declined 21.9% year-to-date.
