Tesla Stock (TSLA) Rises as European Nightmare May Be Over — Here’s the February Sales Data

robot
Abstract generation in progress

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.

Claim 30% Off TipRanks Premium

  • Trade TSLA with leverage
  • New trading tool for TSLA bulls/bears
  • Forget margin or options. Here’s how the pros trade TSLA

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.

Disclaimer & DisclosureReport an Issue

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin