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Tesla CEO Elon Musk
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Tesla Stock Rises as EV Registrations Surge Across Most of Europe

New vehicle registrations for Tesla rose across most European markets in June, official and industry data released on Wednesday showed, extending the US automaker’s recovery on the continent.

The company led by Elon Musk posted double- and triple-digit year-over-year gains in France, Portugal, Denmark, Sweden, Ireland and Romania, alongside smaller increases in Spain and the Netherlands, as Tesla expands the rollout of its Full Self-Driving (Supervised) driver-assistance software across the region.

Two of Europe’s largest car markets, Germany and the United Kingdom, had not yet reported their June registration figures as of Wednesday and are expected to publish them in the coming days.

Tesla shares traded 2% higher at $428.99 as of press time, a day before the company reports its second-quarter production and delivery results.

Consensus among sell-side analysts, compiled by the company, stands at 406,024 vehicles delivered for the quarter.

France Leads the Gains

France was the standout, where registrations more than doubled to 7,474 vehicles, a 105.0% increase from a year earlier, according to industry body PFA.

The jump came as battery-electric penetration in the French market reached a record, and it lifted Tesla to one of its strongest months in the country to date.

Spain recorded 2,779 registrations, up 5.6%, according to manufacturers’ association ANFAC, with the automaker’s first-half total in the market rising 29.8%.

Registrations in the Netherlands edged up 4.1% to 2,084 units, figures from industry association BOVAG showed, leaving Tesla marginally ahead of its year-earlier tally of 2,002.

Portugal delivered one of the sharper increases, with 1,883 registrations, up 43.0% and equal to an 8.2% share of the passenger-car market, according to national data compiled by Datahouse.

Denmark climbed 39.0% to 1,778 vehicles, per figures from bilstatistik.dk, while Sweden rose 56.0% to 1,525 units, according to Mobility Sweden.

Small Markets Post Outsized Jumps

Some of the steepest percentage gains came from Europe’s smaller markets, where a low prior-year base amplified the moves.

Ireland registered 782 Tesla vehicles in June, up 44.0% from a year earlier, a total that translated into a 35.5% share of the country’s battery-electric segment, according to Datahouse.

Romania posted the largest year-over-year swing of any market, with 658 registrations, a 2,642.0% increase built off a negligible base in June 2025, lifting Tesla to a 4.1% share.

Norway and Hungary Buck the Trend

Norway, long one of Tesla‘s strongest European markets, saw registrations fall 42.9% to 3,222 vehicles, according to data from compiler OFV, even as the brand remained the country’s best-selling marque for the month with a 16.5% share.

Hungary was the only other market to slip, down 9.0% to 284 registrations for a 1.9% share, according to Datahouse.

A full brand-level picture for the region from the European Automobile Manufacturers’ Association is not due until July 23.

Across the wider region, the direction of travel was clearly upward, a reversal from 2025, when Tesla lost close to half of its European market share.

That earlier slide followed intensifying competition, particularly from Chinese brands, an aging model lineup, and a consumer backlash against Musk’s political interventions.

A refreshed Model Y, cheaper variants, and higher fuel costs have since turned demand around, with the Model Y leading the recovery.

A Software-Led Push

The registration gains have coincided with a widening rollout of Tesla‘s Full Self-Driving (Supervised) system in Europe.

The Dutch vehicle authority RDW granted a European type approval for the driver-assistance software earlier this year, opening a path to broader deployment across the bloc.

Following that decision, Tesla has activated the feature in the Netherlands, Germany, Sweden and Norway, with approval pending in roughly a dozen additional markets, including the United Kingdom, Ireland, Portugal, Spain and France.

The company markets the system as a driver-controlled assistance feature rather than an autonomous one, meaning the driver remains responsible and must stay in control.

Thursday’s Delivery Report

The June registration figures arrive a day before Tesla reports second-quarter production and delivery numbers, due Thursday, July 2.

Sell-side analysts compiled by the company put the consensus at 406,024 deliveries for the quarter, with a median estimate of 408,609 across 22 contributing firms, according to the company-published figures.

The consensus would mark a rebound from the 358,023 vehicles delivered in the first quarter of 2026, a period disrupted by the changeover to the refreshed Model Y.

Analysts broadly expect quarterly deliveries to rise about 5% from a year earlier, with much of the gain attributed to the European recovery reflected in the June data.

The company is also scheduled to disclose energy-storage deployments alongside the delivery figures, with consensus for the quarter at 13.8 gigawatt-hours.

Cláudio Afonso founded CARBA in early 2021 and launched the news blog EV later that year.