In February, Tesla reclaimed a portion of the European market

According to official data, Tesla increased its market share in a few important European regions in February, indicating some stabilization on the continent following two years of falling sales.

Even while the majority of its rivals sold fewer cars in France than they did a year ago, the automaker’s registrations, a crucial measure of sales, increased by 55%.

While registrations decreased by 45% in the Netherlands and 18% in Denmark, they rose by 74% in Spain and 32% in Norway.

Later today, reports from Belgium, Portugal, Italy, and other nations are expected.

Due to growing competition, especially from Chinese electric vehicle makers, criticism surrounding Musk’s policies, and an outdated model portfolio, Tesla’s European sales fell by 27% last year.

In the US and Europe, Tesla debuted less expensive variants of its Model Y and Model 3 last year, which started to reach customers at the end of the year.

Also read: Under the guidance of Carlos Hank González, Banorte secures the second position in Mexico