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Tesla sales fall in Europe’s two biggest EV markets while BYD sales soar

Last month Tesla sales more than halved in Europe’s two biggest EV markets, the UK and Germany, compared with a year earlier. Meanwhile, sales of vehicles from Chinese EV maker BYD more than quadrupled in those countries. The data follows July declines in a number of other European countries reported last week.

BYD outsold Tesla on the continent for the first time earlier this year. The reason, according to Executive Vice President Stella Li: BYD offers way more models that appeal to a wider variety of consumers. To make matters worse, Electrek reported last week that Tesla has stopped taking orders for its Model S and Model X in Europe, leaving just the Model 3 and Model Y (combined they spell “SEXY,” for what it’s worth).

BYD outsold Tesla on the continent for the first time earlier this year. The reason, according to Executive Vice President Stella Li: BYD offers way more models that appeal to a wider variety of consumers. To make matters worse, Electrek reported last week that Tesla has stopped taking orders for its Model S and Model X in Europe, leaving just the Model 3 and Model Y (combined they spell “SEXY,” for what it’s worth).

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The entrance of Allbirds seen from Hayes St. in San Francisco, Calif.

Allbirds, the once buzzy multibillion-dollar sneaker startup, is selling up for $39 million

That’s less than 1% of its peak market cap about four years ago.

Tom Jones3/31/26
business

JetBlue is raising its bag fees as fuel costs squeeze airlines

JetBlue will reportedly hike its bag fees, as the cost of jet fuel continues to climb amid the war in Iran. It’s the latest example of carriers finding ways to push rising costs onto travelers.

Last week, United Airlines CEO Scott Kirby said that if fuel prices remain elevated, fares would need to rise another 20% for his airline to break even this year.

As CNBC reported, when one airline raises fees, others tend to follow.

Earlier this month, JetBlue hiked its first-quarter outlook for operating revenue per seat mile to between 5% and 7%, saying that strong Q1 demand helped “partially offset additional expenses realized from operational disruptions and rising fuel costs.” Now, the carrier appears to be making moves to further boost revenue to offset those costs.

Earlier on Monday, JetBlue rival Alaska Air lowered its Q1 profit forecast. The refining margins for the carrier’s cheapest fuel option — sourced from Singapore and representing about 20% of Alaska’s overall supply — have spiked 400% since February.

JetBlue did not immediately respond to a request for comment.

As CNBC reported, when one airline raises fees, others tend to follow.

Earlier this month, JetBlue hiked its first-quarter outlook for operating revenue per seat mile to between 5% and 7%, saying that strong Q1 demand helped “partially offset additional expenses realized from operational disruptions and rising fuel costs.” Now, the carrier appears to be making moves to further boost revenue to offset those costs.

Earlier on Monday, JetBlue rival Alaska Air lowered its Q1 profit forecast. The refining margins for the carrier’s cheapest fuel option — sourced from Singapore and representing about 20% of Alaska’s overall supply — have spiked 400% since February.

JetBlue did not immediately respond to a request for comment.

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