NEW YORK (AP) — Europeans still aren’t buying Teslas with figures out Wednesday showing sales plunged for a fifth month in a row in May, a blow to investors who had hoped anger toward Elon Musk would have faded by now.

The poor showing is a considerable setback for investors, particularly as it follows Tesla's billionaire CEO, Elon Musk, having previously promised a "major rebound" was imminent. That assurance had recently fuelled a buying frenzy among shareholders.

Tesla’s sales in the European Union logged another steep decline in May, continuing a downward trend for Elon Musk’s electric-vehicle maker even as the bloc’s EV market shows signs of growth.