As reported

US Electric Treatment Manufacturer Tesla sharply cut the monthly rent for British motorists to increase the weakening of demand, Reported about times Monday with reference to industry sources.

The British newspaper reported that Elon Musk’s company was forced to offer up to 40% of leasing companies in the UK, noting a lack of storage space across the country for Tesla vehicles.

CNBC was unable to check the report on its own, and Tesla’s press -secretary was not immediately available for comment.

This happens when the automaker moves to change Reduced sales trends in the UK and in the broad Europe.

Data publish On August 5, in the UK, automotive and traders (SMMT), the sale of new Tesla cars decreased by almost 60% to 987 units in July, decreasing compared to 2462 years ago.

Separately published by the European Association of Car Manufacturers late last month find What Tesla lost market share in Europe for the sixth consecutive month in June.

The campaign was subject to the reputational damage to Moscow and the relationship with the Trump administration. It also continues to face fierce competition in the EV market, especially from Chinese manufacturers such as byd.

Musk warned that the automaker could face “A few rough quarters“Because it is confronted

Tesla shares were 0.77% below in the auction at 12:50 in London (7:50 am et). The cost of the company’s shares today decreases by more than 18%.