In June, Tesla (TSLA) sales dropped for a sixth month in a row in Sweden and Denmark, Amir Orusov of Reuters reports. This underscores the challenges the company faces as CEO Elon Musk’s popularity wanes and its competitors gain market share. In Norway, however, Tesla recorded a 54% year-over-year increase in car registrations in June.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TSLA:
- Trump says Musk ‘knew that I was strongly against EV Mandate’
- Tesla CEO Musk responds to Trump, says ‘cut it all. Now’
- All Eyes on Tesla Stock Ahead of Q2 Deliveries Report; Here’s What Wall Street Expects
- Tesla’s Strategic Edge: AI Integration and Autonomous Advancements Drive Buy Rating
- Tesla’s V4 Superchargers Arrive in China as Charging Tech Improves