Tesla, Inc. (TSLA.US) European sales rebound continued, with higher registration numbers in multiple countries in May.

In May, Tesla, Inc. saw a year-on-year increase in the number of new vehicles registered in several European countries, continuing its upward trend in sales in the European electric car market. Vehicle registration numbers are often seen as a proxy indicator for car sales. Data released on Monday by the Norwegian car data agency OFV and the French automotive industry organization PFA showed that in May, Tesla, Inc. saw a 655% year-on-year increase in new car registrations in France, reaching 5446 vehicles; and a 29% year-on-year increase in Norway, reaching 3345 vehicles. Data from various national automotive industry organizations also shows that Tesla, Inc. saw rapid growth in several smaller markets in Europe: registrations in Denmark increased by 136% year-on-year to 1750 vehicles; in Spain, they increased by 113% to 1690 vehicles; Portugal saw a 349% increase to 1463 vehicles; and Sweden saw a 71% increase to 858 vehicles. However, Tesla, Inc. faced some pressure in the Italian market, with a 23.5% year-on-year decrease in registrations to 654 vehicles in May, but its cumulative sales in the first five months of the year still grew by over 15% compared to the same period in 2025. Meanwhile, the overall electrification of the automotive market in Europe continues to grow. Data from the European Automobile Manufacturers Association ACEA shows that in April, registrations of various types of electrified vehicles (including pure electric, plug-in hybrid, and hybrid) in Europe increased by approximately 21% year-on-year, accounting for more than two-thirds of total new car registrations. This growth is mainly driven by policy support, car purchase incentives, and consumer shifts towards low-emission models due to rising fuel costs.