Tesla (TSLA) Rebounds in Spain with 27% Sales Surge in July
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Tesla's sales in Spain are up just 1.1% this year, but July showed signs of improvement. The rise likely came from renewed interest in the updated Model Y and Model 3, helping Tesla bounce back in parts of Europe despite headwinds.
Also, in Norway, registrations grew by 83.4% to 838 vehicles, with total sales this year reaching 13,877. This increase was primarily due to Tesla's revamped Model Y and Norway's strong push for EVs.
Tesla's gains in Spain and Norway contrast sharply with its struggles elsewhere in Europe. July sales fell in countries like Sweden, Denmark, and France. Key factors affecting Tesla's European market share are growing anti-Musk sentiment, increased competition, and challenges with its product lineup and production.
In the second half of 2025, Tesla will aim to keep its positive momentum in Spain and Norway while facing challenges in other parts of Europe. For now, July's strong sales bring an optimistic boost for the EV maker.
Is TSLA Stock a Buy?
Turning to Wall Street, TSLA stock has a Hold consensus rating based on 14 Buys, 15 Holds, and eight Sells assigned in the last three months. At $310.84, the average Tesla price target implies a 1.08% upside potential. The stock has declined 19.65% over the past six months.
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