Tesla gains market in France, Norway in February
TeslaTesla(US:TSLA) Reuters·2026-03-02 10:16

Group 1 - Tesla gained market share in France and Norway in February, with registrations rising 55% in France and 32% in Norway, indicating a stabilization in Europe after two years of declining sales [1][1][1] - Despite the gains in France and Norway, Tesla's sales in Denmark fell by 18%, highlighting mixed performance across different European markets [1][1][1] - Tesla's European sales dropped by 27% last year due to increased competition, particularly from Chinese EV brands, and challenges related to Musk's political controversies and an aging model lineup [1][1][1] Group 2 - The company introduced cheaper versions of its Model Y and Model 3 in the U.S. and Europe, which began rolling out to consumers late last year [1][1][1] - Tesla's market share in the European Union, Britain, and the European Free Trade Association slightly decreased to 0.8% in January from 1% in January 2025, significantly lower than its market shares of 1.8% in 2025, 2.5% in 2024, and 2.9% in 2023 [1][1][1] - The Model Y SUV was the world's best-selling model in 2023, contributing to Tesla's previous higher market shares [1][1][1]

Tesla gains market in France, Norway in February - Reportify