Tesla sales rebound in Europe as registrations surge

Tesla’s vehicle registrations in June rose sharply across several European markets. In France registrations more than doubled with a 105% increase, while Sweden saw a 56% rise. Italy and Portugal each posted a 43% jump, Denmark 39%, and Spain a modest 5.6% gain. Norway was the exception, with registrations falling 43% as buyers accelerated purchases ahead of a planned tax‑benefit reduction.

The data signals a recovery after a period of weakness in Europe, where Tesla had lost market share to Chinese rivals and faced criticism over its limited model lineup and the CEO’s political statements. Analysts expect the company’s global Q2 deliveries to rise about 5%, and Morgan Stanley has lifted its delivery forecast to roughly 413,000 vehicles, above the consensus of 401,000. The upbeat outlook contributed to an 8.5% jump in Tesla’s share price to about $412. The recovery occurs as Chinese competitor BYD expands its European presence, adding new models and a broader sales network.

Further registration figures for Germany and the United Kingdom, the two largest European auto markets, are due later in the week.