Tesla Inc. $TSLA experienced a significant decline in new car sales in the United Kingdom during May 2024. Preliminary data from New AutoMotive research group, released on Wednesday, reveals that Tesla’s sales dropped by more than 45% year-on-year. The electric vehicle (EV) manufacturer sold 1,758 units in May 2024 compared to 3,244 in the same month last year. Market analysts attribute this decline partly to Tesla CEO Elon Musk's controversial political positions in Europe, which have reportedly alienated a segment of the UK consumer base.

Recently, the hospitality sector in the UK has been facing escalating costs, pushing companies to seek financial recovery options. One notable player in this market, PizzaExpress Ltd., has announced a deal aimed at securing new funding and extending the maturity of its bonds.