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Tesla European sales fell in some markets and were outpaced by BYD in August

A number of European countries have reported August vehicle registration data and, for the eighth month in a row, Tesla has seen its sales decline in some of those markets. Sales were down year over year in Sweden, the Netherlands, France, Denmark, and Italy, but were up in Norway, Portugal and Spain, Reuters reports.

Reuters noted that in Norway and Spain, where Tesla sales were up, Tesla competitor BYD outpaced its American counterpart last month and saw sales growth of more than 200% and 400%, respectively. Tesla’s monthly sales in any one European country are usually in the hundreds or low thousands, allowing for big monthly percentage swings over just a few hundred cars. Across the continent, BYD outsold Tesla again in July; August data for the entire EU will be out later this month.

Tesla has struggled in Europe, which is its third-biggest market this year, with CEO Elon Musk blaming the lack of approval for supervised full self-driving technology there, while others cite Musk’s unwelcome political machinations in European markets. BYD has said Tesla’s problem is not enough options, with the American company currently offering only two models on the continent.

Reuters noted that in Norway and Spain, where Tesla sales were up, Tesla competitor BYD outpaced its American counterpart last month and saw sales growth of more than 200% and 400%, respectively. Tesla’s monthly sales in any one European country are usually in the hundreds or low thousands, allowing for big monthly percentage swings over just a few hundred cars. Across the continent, BYD outsold Tesla again in July; August data for the entire EU will be out later this month.

Tesla has struggled in Europe, which is its third-biggest market this year, with CEO Elon Musk blaming the lack of approval for supervised full self-driving technology there, while others cite Musk’s unwelcome political machinations in European markets. BYD has said Tesla’s problem is not enough options, with the American company currently offering only two models on the continent.

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Paramount sues Warner Bros. for more info on its deal with Netflix, says it plans to nominate new directors

It’s a fresh week and that means a fresh bit of escalation in the ongoing Warner Bros. Discovery merger drama.

At an upcoming meeting, Paramount Skydance plans to “nominate a slate of [WBD] directors who, in accordance with their fiduciary duties, will... enter into a transaction with Paramount,” CEO David Ellison wrote in a letter to WBD shareholders disclosed on Monday.

Ellison also said that Paramount sued WBD in Delaware court in an effort to force the board to disclose “basic information” that will allow shareholders to make an informed decision between Paramount’s offer and one from Netflix. WBD shares dipped about 2% on Monday morning.

The latest update follows Paramount’s move last week to reaffirm — but not raise — its $30-per-share offer for WBD. Some saw that decision as Paramount effectively throwing in the towel on its merger hopes, given that the same deal has been rejected twice by the WBD board and winning over shareholders directly is a difficult process. Monday’s disclosure appears to signal that whether it loses or not, Paramount isn’t going to make Netflix’s acquisition easy.

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