Tesla Registrations Rise In EU In September But Not Enough To Make Up For Drop Through Year
Portfolio Pulse from Anan Ashraf
Tesla saw a 31% increase in new car registrations in the EU in September, but this rise is insufficient to offset the year's overall decline. Tesla's market share in the EU is now 3.9%, with total registrations down 7.6% year-to-date. Tesla's Q3 earnings are anticipated on Oct. 23.
October 22, 2024 | 11:06 am
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Tesla's EU registrations increased by 31% in September, but overall registrations for the year are down 7.6%. The company's market share in the EU is now 3.9%. Tesla's Q3 earnings are expected on Oct. 23, which may provide further insights into its performance.
The increase in EU registrations is a positive sign, but the overall decline in year-to-date registrations suggests challenges. The upcoming Q3 earnings report could impact stock prices depending on the results. The premarket decline indicates investor caution.
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