Tesla (TSLA) Sees Strong Rebound in European EV Sales

🗝️ Key Points

• After months of declining deliveries and market pressures, Tesla (TSLA, Financial) is regaining its footing in Europe.
• In June, Tesla's electric vehicle registrations surged significantly across major European markets.
• The UK saw the most notable performance with a 224% month-over-month increase in registrations.

After months of declining deliveries and market pressures, Tesla (TSLA, Financial) is regaining its footing in Europe. In June, Tesla’s electric vehicle registrations surged significantly across major European markets. The UK saw the most notable performance with a 224% month-over-month increase in registrations. Spain also experienced more than a twofold increase, making Tesla the best-selling electric vehicle brand in both countries according to CarUp.

In the Netherlands, Tesla emerged as the top-selling brand across all vehicle models, including electric vehicles. The company also maintained strong performance in Norway, although complete market data is still pending. These figures suggest that Tesla’s sales decline in Europe might be temporary, with strong demand returning as the new Model Y hits the market.

In Sweden, Tesla’s performance was mixed in June. While registrations dropped by over 70% year-over-year, the company’s market share increased by 72% compared to May. Tesla now holds an 8.6% share of the Swedish electric vehicle market, meaning one in every 12 new EVs registered last month was a Tesla. Year-to-date, Tesla ranks as the fourth-largest EV brand in Sweden, with 3,461 registrations, following Volkswagen, Volvo, and Kia. The Model Y is the third best-selling EV this year, trailing Volkswagen’s ID.7 and Volvo’s XC40, despite limited availability in the first quarter.

MORE IN INSIDE INVESTMENT NEWS

Citigroup beats second-quarter estimates as markets and banking revenues jump

Published: Tuesday, July 15, 2025 · 12:38 PM

JPMorgan Chase tops estimates on stronger-than-expected trading, investment banking

Published: Tuesday, July 15, 2025 · 11:25 AM