We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Tesla Registrations in November Plunge Across Key European Markets
Read MoreHide Full Article
Key Takeaways
Tesla's November registrations plunged in France and Denmark, with the Model Y sliding in popularity.
Spain saw an 8.75% registration drop in November for Tesla, though year-to-date sales remained higher.
Tesla's European market share fell to 1.6% as Model 3 gains in Denmark failed to offset Model Y losses.
Tesla’s (TSLA - Free Report) vehicle registrations in France and Denmark fell sharply in November. The registrations dropped by about half compared to last year, as the company continued to lose ground in the European market despite introducing updated versions of its popular Model Y, per Reuters.
Registrations in France declined 58% to 1,593 units, while Denmark saw a 49% drop to 534 units, with the Model Y ranking only 23rd in popularity at 206 units sold.
Per industry group ANFAC, Tesla’s November registrations in Spain slipped 8.75% year over year to 1,523 vehicles. However, January to November sales in Spain were still up 5.56% from a year earlier, even as overall sales of electrified vehicles, including EVs and hybrids, doubled.
Tesla’s share of the European market fell to 1.6% between January and October, down from 2.4% during the same period last year. The decline underscores the brand’s ongoing slump, despite its Model Y SUV being the top-selling vehicle in Europe and globally as recently as 2023.
Tesla introduced cheaper variants of the Model Y and Model 3 in October, although the new Model 3 is not yet available in Europe.
In Denmark, Model 3 registrations rose 29% in November to 326 units, making it the eighth best-selling car. Meanwhile, Model Y registrations tumbled 74%, according to data from Bilstatistik.dk.
The Zacks Consensus Estimate for GM’s 2025 and 2026 EPS has improved 21 cents and 38 cents, respectively, in the past 30 days.
The Zacks Consensus Estimate for KAR’s 2025 sales and earnings implies year-over-year growth of 9.4% and 48.2%, respectively. EPS estimates for 2025 and 2026 have improved 9 cents and 11 cents, respectively, in the past 30 days.
The Zacks Consensus Estimate for GTX’s 2025 sales and earnings implies year-over-year growth of 2.6% and 16.7%, respectively. EPS estimates for 2025 and 2026 have improved 13 cents and 27 cents, respectively, in the past 60 days.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Tesla Registrations in November Plunge Across Key European Markets
Key Takeaways
Tesla’s (TSLA - Free Report) vehicle registrations in France and Denmark fell sharply in November. The registrations dropped by about half compared to last year, as the company continued to lose ground in the European market despite introducing updated versions of its popular Model Y, per Reuters.
Registrations in France declined 58% to 1,593 units, while Denmark saw a 49% drop to 534 units, with the Model Y ranking only 23rd in popularity at 206 units sold.
Per industry group ANFAC, Tesla’s November registrations in Spain slipped 8.75% year over year to 1,523 vehicles. However, January to November sales in Spain were still up 5.56% from a year earlier, even as overall sales of electrified vehicles, including EVs and hybrids, doubled.
Tesla’s share of the European market fell to 1.6% between January and October, down from 2.4% during the same period last year. The decline underscores the brand’s ongoing slump, despite its Model Y SUV being the top-selling vehicle in Europe and globally as recently as 2023.
Tesla introduced cheaper variants of the Model Y and Model 3 in October, although the new Model 3 is not yet available in Europe.
In Denmark, Model 3 registrations rose 29% in November to 326 units, making it the eighth best-selling car. Meanwhile, Model Y registrations tumbled 74%, according to data from Bilstatistik.dk.
Tesla’s Zacks Rank & Key Picks
TSLA carries a Zacks Rank #3 (Hold) at present.
Some better-ranked stocks in the auto space are General Motors Company (GM - Free Report) , OPENLANE, Inc. (KAR - Free Report) and Garrett Motion Inc. (GTX - Free Report) , each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for GM’s 2025 and 2026 EPS has improved 21 cents and 38 cents, respectively, in the past 30 days.
The Zacks Consensus Estimate for KAR’s 2025 sales and earnings implies year-over-year growth of 9.4% and 48.2%, respectively. EPS estimates for 2025 and 2026 have improved 9 cents and 11 cents, respectively, in the past 30 days.
The Zacks Consensus Estimate for GTX’s 2025 sales and earnings implies year-over-year growth of 2.6% and 16.7%, respectively. EPS estimates for 2025 and 2026 have improved 13 cents and 27 cents, respectively, in the past 60 days.