Tesla sales drop over 60% in Sweden and Denmark
In Sweden, Tesla's registrations, which are a measure of sales, fell 64.4% in June from a year earlier.
Tesla's sales were also down 61.6% in Denmark, where the U.S. EV maker's revised Model Y sales fell 31.2% compared with last year to 1,155 cars, showing no signs of reviving the brand's fortunes.
The publication of Tesla's monthly car registration figures coincided with a renewal of a dispute between Musk and U.S. President Donald Trump regarding a sweeping tax-cut and spending bill.
Frankfurt listed shares of Tesla were down 5.6% at 0730 GMT.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Washington Post
7 minutes ago
- Washington Post
US job openings in May hit 7.8 million in a continuing display of labor market resilience
WASHINGTON — U.S. job openings rose unexpectedly in May, a sign that the American labor market remains resilien t in the face of high borrowing costs and uncertainty over U.S. economic policy. U.S. employers posted 7.8 million vacancies in May, The Labor Department reported Tuesday, up from 7.4 million in April. Economists had expected a slight decrease to 7.3 million. Openings were reported at hotels and restaurants and at finance companies. Vacancies at the federal government fell to the lowest level since May 2020, likely reflecting President Donald Trump's hiring freeze .
Yahoo
8 minutes ago
- Yahoo
Vaughn Hillyard To Join MSNBC As Network Taps Additional Correspondents In Advance Of Split From Comcast
Vaughn Hillyard will join MSNBC as senior White House correspondent, as the network has hired a group of journalists for its team in advance of its split from Comcast and sister network NBC News. Hillyard has been an NBC News White House correspondent but has contributed to MSNBC. More from Deadline Senate Strikes AI Moratorium From Donald Trump's "Big, Beautiful Bill" Donald Trump Talks Of Deporting Elon Musk And Unleashing DOGE On Him: "We'll Have To Take A Look" Senator Backs Away From Compromise Over AI Moratorium In Trump's "Big, Beautiful Bill" - Update Also joining MSNBC will be Laura Barrón-López as White House correspondent, David Noriega as MSNBC correspondent, and Marc Santia as an investigative correspondent. The split, expected to be completed later this year, has left questions of who will go where. Figures like Andrea Mitchell and José Díaz-Balart are staying with NBC News, while figures like Ken Dilanian are landing at MSNBC. MSNBC will be part of Versant, the newly branded entity of cable networks and other media properties formerly owned by Comcast. With NBC News no longer a sister network, MSNBC is building up its own news division. Hillyard has covered three presidential elections for the network, and landed interviews with figures like Steve Bannon, just before he served a four-month prison sentence. Hillyard also interviewed Vice President Mike Pence in 2018 following the Pittsburgh Tree of Life Synagogue shooting, among other high profile assignments. Barrón-López was White House correspondent for PBS NewsHour and a CNN political analyst. She also covered the Biden administration for Politico, and was part of the PBS team that won a Peabody for coverage of the Israel-Hamas war. Noriega will be based in Los Angeles. He was a national correspondent for NBC News and reported across the country and internationall on issues including migration. He received an Edward R. Murrow Award for his reporting from Mexico. Santia was a reporter on criminal justice, security issues and investigations for NBC4 in New York since 2012. He's covered national stories, including mass shootings and natural disasters, and won a regional Murrow award for a story on a former United Airlines flight attendant who honored friends and coworkers lost in the Sept. 11, 2001 terror attacks. Best of Deadline 'Poker Face' Season 2 Guest Stars: From Katie Holmes To Simon Hellberg Everything We Know About 'The Devil Wears Prada 2' 2025 TV Series Renewals: Photo Gallery
New York Post
9 minutes ago
- New York Post
Elon Musk's xAI raises $10B in debt and equity as it faces off against Sam Altman's OpenAI
Elon Musk's xAI has raised a combined $10 billion in debt and equity, Morgan Stanley said Monday. The sum consists of $5 billion through secured notes and term loans, and the other half comes from a strategic equity investment, the bank said in a post on X, Musk's social media platform formerly known as Twitter. 'This transaction, which was oversubscribed and included prominent global debt investors, reflects confidence in xAI's vision,' Morgan Stanley said in a statement. Advertisement 3 Elon Musk's xAI has raised a combined $10 billion in debt and equity, according to Morgan Stanley. REUTERS It will 'support xAI's continued development of cutting-edge AI solutions, including one of the world's largest data center[s] and its flagship Grok platform.' XAI did not immediately respond to The Post's request for comment. The funding will help Musk compete with rivals, like arch-nemesis OpenAI and its CEO Sam Altman, as firms scramble to build power-hungry data centers that can support language learning models. Advertisement Musk's xAI has already installed 200,000 graphics processing units (GPUs) at its Colossus facility in Memphis, Tennessee, the world's richest person said in May. At the time, Musk said he plans to continue buying chips from Nvidia and AMD, and that xAI is looking to build a separate 1-million-GPU center near Memphis. The company unveiled its latest chatbot, Grok 3, in February. Though the AI bot is available on other platforms, Musk has woven the bot into X as well in an attempt to boost its userbase. Advertisement His AI firm acquired X in March in a deal that valued the social media site at $33 billion – less than the $44 billion Musk paid for Twitter in 2022 – and xAI at $80 billion, though this latest funding could have changed that valuation. 3 xAI has installed 200,000 graphics processing units at its Colossus facility in Memphis, Tennessee, Musk said. ALI HAIDER/EPA-EFE/Shutterstock Last year, xAI raised $6 billion at a valuation of $50 billion, according to CNBC. Meanwhile, OpenAI recently closed a $40 billion round that valued the ChatGPT maker at $300 billion, while an Anthropic fundraising round raised the company's valuation to $61.5 billion. Advertisement Musk has tried to paint Grok as a 'woke' chatbot to stand out from the crowd, but that hasn't come without its fair share of controversy. The bot in May sparked confusion when it responded to unrelated user queries with bizarre mentions of 'white genocide' in South Africa, telling users it 'appears I was instructed to address' it. 3 Sam Altman attends Jeff Bezos' wedding in Venice. AFP via Getty Images And xAI has been in fierce competition with OpenAI, which Musk co-founded with Altman in 2015 before cutting ties with the firm in 2018. Musk has claimed that OpenAI has branched away from its original mission to act as a nonprofit to focus on profit. He made an unsolicited $97.4 billion bid for OpenAI earlier this year, which Altman quickly rejected with a jab at Musk: 'I feel for the guy. I don't think he's a happy person.'
