In France, new registrations fell 42% in January to 661 vehicles, while Norway saw an even steeper 88% decline.
Shares of Tesla Inc (TSLA) fell more than 2% in pre-market trading on Monday after the electric vehicle (EV) posted a significant decline in new registrations across France and Norway in January.
In France, new registrations fell 42% in January to 661 vehicles, according to auto body Plateforme automobile (PFA). Meanwhile, new registrations for Fiat, Renault, Mercedes, and Volvo vehicles surged over 20% each.
New registrations in Norway, typically a strong market for Tesla, saw an even steeper 88% plunge to 83 new registrations from 689 a year earlier, according to OFV. Citroen and JAC recorded the largest increases in new registrations in the country in January.
Tesla’s struggles extended into January, after European registrations fell 20% year over year in December, even as the broader battery electric vehicle (BEV) market jumped 50%. In 2025, Tesla’s European registrations declined about 27% to 238,656 units.
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