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Tesla Stock (TSLA) Rises as European Nightmare May Be Over — Here’s the February Sales Data
Tesla TSLA +3.50% ▲ is finally seeing a turnaround in Europe. After more than a year of declining sales, the company’s February numbers show a rebound, catching investors’ attention. According to the European Automobile Manufacturers’ Association (ACEA), new-car registrations for Tesla models rose nearly 12% year-on-year in February, reaching 17,664 units across the European Union, the U.K., Iceland, Liechtenstein, Norway, and Switzerland. TSLA stock is up by 0.35% in pre-market hours as of this writing on Tuesday.
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Europe Is Buying Tesla Again
In the European Union (EU) alone, Tesla’s sales climbed 29% year-on-year. The figures show that the company remains a key contender for European drivers seeking EVs, despite a months-long slump. Overall, total car sales in the EU rose 1.4% to 865,437 vehicles.
Interestingly, ACEA data also shows that Tesla hadn’t logged a rise in monthly new-car registrations in Europe since December 2024.
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