Asger Risom
Tesla’s slump in Sweden and Denmark continues, with June figures marking a sixth month of declining sales.
Tesla’s slump in Sweden and Denmark continues, with June figures marking a sixth month of declining sales.
Sales Keep Falling
Tesla’s car registrations in Sweden dropped 64.4% in June.
Danish sales also fell 61.6% compared to the previous year.
Model Y Takes a Hit
In Denmark, Model Y sales fell 31.2% year-on-year.
The updated version has yet to revive buyer interest.
Six-Month Losing Streak
June marks the sixth consecutive month of sales decline.
Tesla’s market share continues to erode.
Rivals Gaining Ground
European automakers are grabbing a larger EV share.
Local brands may be seen as more reliable or affordable.
Musk’s Image Problem
Elon Musk’s popularity has dropped in Europe.
Public sentiment may be hurting brand perception.
Political Distractions
Tesla’s sales data came amid Musk’s renewed feud with Trump.
The timing could impact investor and consumer confidence.
Market Response
Tesla shares in Frankfurt fell 5.6% on Monday.
Investors are reacting to weakening performance and political noise.
No Sign of a Turnaround
June’s numbers show no indication of a recovery.
Analysts warn the trend may persist if sentiment doesn’t shift.
