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Tesla Recovers Market Share in Europe
2 Mar
Summary
- Tesla's registrations rose 55% in France and 32% in Norway in February.
- European sales for Tesla dropped 27% in the previous year.
- Cheaper versions of Model Y and Model 3 began rolling out late last year.
Tesla experienced a notable stabilization in its European market share during February, official data revealed. In France, the electric vehicle manufacturer saw its registrations surge by 55%, while Norway reported a 32% increase. This positive performance occurred even as many competitors faced declining sales.
This marks a potential turnaround after two consecutive years of falling sales in Europe, which had seen a 27% drop last year. Factors contributing to the previous decline included rising competition, particularly from Chinese EV brands, and an aging model lineup.
