Accelerate the World's Transition to Sustainable Energy - to fight Anthropogenic Climate Change, page-36278

News of the recall comes as monthly sales figures for July show a huge slump in Australian sales for the US manufacturer, which is under attack from Chinese newcomer BYD...

July Tesla sales were down 34 per cent on the same month last year. Year-to-date, sales have dipped by almost 13 per cent...

It reacted by slashing thousands of dollars off the price of its vehicles earlier this year. The Model Y is now more than $11,000 cheaper than it was in 2022.

The move has angered existing owners, as it will affect their resale values when it comes time to sell.

Things are unlikely to get any easier for the brand in the coming months as it is hit by a wave of new EVs from Chinese brands including XPeng, Leapmotor and Zeekr.

The trend mirrors what is happening to Tesla in the United States. Its share of the US EV market has reportedly dropped from roughly 75 per cent to 50 per cent.