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Why Tesla sales are rebounding in Norway while Europe lags - TL;DR CNBC

Why Tesla sales are rebounding in Norway while Europe lags

Publishing timestamp: 2025-06-02 13:48:55


Summary

Tesla's sale of new cars in Norway surged 213% in May, bucking the downward trend in Europe. The increase was driven by the popularity of the Model Y SUV. However, Tesla's European sales have suffered due to reputational damage from Elon Musk's rhetoric and political activities. Despite this, Norway remains a strong market for EVs, with incentives and policies supporting their adoption. Tesla faces competition from traditional automakers and Chinese players in the region.


Sentiment: MIXED

Tickers: TSLA

Keywords: elon muskdonald j. trumpautosbreaking news: technologytransportationbusiness newspoliticstechnologybusinesstesla incbreaking news: businesselectric vehiclesalternative and sustainable energydonald trump

Source: https://www.cnbc.com/2025/06/02/elon-musk-tesla-new-car-sales-rebound-in-ev-friendly-norway.html


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