(Bloomberg/Stefan Nicola) — Tesla Inc. continues to post steep sales declines in Europe, where the Elon Musk-led automaker is ceding significant share to China’s BYD Co.

In both Germany and the UK — by far the two leading countries for battery-electric vehicle registrations in the region — Tesla’s July sales fell by more than half compared with a year ago, according to figures reported Tuesday. BYD, by contrast, more than quadrupled registrations in each country.

Last week, the national auto association for France — the No. 3 market in Europe by EV sales — reported that Tesla’s registrations dropped 27% in July and were down almost 40% through the first seven months of the year.

Tesla shares declined as much as 1.2% shortly after the start of regular trading and are down 23% for the yea

See Full Page