Stock & Business

Tesla UK sales plunge 57% in January as BYD races ahead

Tesla's UK vehicle registrations fell sharply by 57% in January 2026 compared to the previous year, a much steeper drop than the overall electric vehicle market. This indicates Tesla is facing significant competitive pressure and losing market share in a key European region. For owners and enthusiasts, this suggests potential concerns about the brand's local demand and resale value, while highlighting the rising strength of competitors like BYD.