Tesla Loses Ground In Europe As Competitors Gain, Market Share Falls To 2% Amid 28% Sales Decline: ACEA DATA - Stellantis (NYSE:STLA), Tesla (NASDAQ:TSLA)
1. Tesla sales in Europe fell by 28%, impacting market share significantly. 2. Overall BEV registrations increased by 17.1%, indicating strong market demand. 3. Tesla plans to release cheaper models, raising concerns about profitability. 4. CEO Musk's commitment reassured investors, leading to a 5% after-hours stock rise. 5. Piper Sandler and Dan Ives raised Tesla's price targets to $400 and $350.