{"id":2132,"date":"2025-11-03T16:42:38","date_gmt":"2025-11-03T16:42:38","guid":{"rendered":"https:\/\/retrotradingreport.com\/index.php\/2025\/11\/03\/why-tesla-stock-is-surging-over-3-even-as-european-sales-continue-decline\/"},"modified":"2025-11-03T16:42:38","modified_gmt":"2025-11-03T16:42:38","slug":"why-tesla-stock-is-surging-over-3-even-as-european-sales-continue-decline","status":"publish","type":"post","link":"https:\/\/retrotradingreport.com\/index.php\/2025\/11\/03\/why-tesla-stock-is-surging-over-3-even-as-european-sales-continue-decline\/","title":{"rendered":"Why Tesla stock is surging over 3% even as European sales continue decline"},"content":{"rendered":"
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Tesla stock climbed more than 3% to $470.38 in early trading on Monday, placing it within 4% of its all-time high of $488.54 reached in December 2024. <\/p>\n

The rally comes even as the electric-vehicle maker\u2019s European sales showed steep declines in October.<\/p>\n

An target price upgrade from an analyst might be helping the Tesla stock on Monday.<\/p>\n

Tesla\u2019s latest sales data from Europe highlighted significant drops across several key markets. <\/p>\n

The company\u2019s new car registrations \u2014 a proxy for sales \u2014 fell 89% in Sweden, 86% in Denmark, 50% in Norway, and 48% in the Netherlands, according to local industry data. <\/p>\n

In Spain, Tesla\u2019s sales dropped 31%, even as industry-wide sales of fully electric and plug-in hybrid vehicles jumped 119%.<\/p>\n

France stood as one of the few exceptions, where Tesla posted a small gain for a second consecutive month.<\/p>\n

What’s hampering Tesla’s sales in Europe<\/h2>\n

Tesla\u2019s declining sales in Europe come amid intensifying competition from both established automakers and newer Chinese entrants offering fresh EV models. <\/p>\n

Through September, Tesla\u2019s European sales were down 28.5% compared with the same period last year. <\/p>\n

Analysts attribute the weakness to the company\u2019s ageing lineup and a limited range of models, which has left it vulnerable in an increasingly crowded market.<\/p>\n

Despite the October drop, Tesla remains the top-selling automaker in Norway, where nearly all new cars sold are electric. However, local competitors are catching up fast. <\/p>\n

In Denmark, Tesla was outsold by several Chinese EV brands, including BYD, Xpeng, and Geely\u2019s Zeekr.<\/p>\n

In Spain, Tesla\u2019s 393 cars sold in October were eclipsed by SAIC\u2019s MG brand with 3,725 units, BYD with 2,806, and Chery\u2019s Omoda and Jaecoo brands with 1,433 and 974, respectively. <\/p>\n

In Sweden, Tesla\u2019s 133 vehicles sold in October trailed not only mainstream brands but also Porsche, which delivered 172 units. <\/p>\n

Overall, Tesla\u2019s sales in Sweden through October were down 67% compared with the same period last year.<\/p>\n

The company\u2019s struggles in Europe have also been compounded by political backlash against CEO Elon Musk. <\/p>\n

His public support for US President Donald Trump\u2019s election campaign and European far-right parties has alienated some consumers, particularly in Western Europe.<\/p>\n

Analyst raises target on Tesla stock<\/h2>\n

Despite the downturn in sales, optimism among investors remains strong. <\/p>\n

Deutsche Bank reaffirmed its Buy<\/em> rating on Tesla and raised its price target by $30 to $470, citing a \u201cmulti-modal SOTP framework\u201d that incorporates higher estimates for the company\u2019s robotaxi business.<\/p>\n

Investor attention is now fixed on Tesla\u2019s annual shareholder meeting scheduled for November 6, where shareholders will vote on CEO Elon Musk\u2019s proposed $1 trillion compensation package.<\/p>\n

Musk\u2019s pay vote draws sharp divisions<\/h2>\n

The compensation plan, tied to a series of ambitious financial and operational milestones over the next decade, has sparked both support and opposition. <\/p>\n

Tesla chair Robyn Denholm warned shareholders last week that Musk could leave the company if the plan fails to pass.<\/p>\n

Proxy advisory firms ISS and Glass Lewis have urged investors to vote against the package, citing concerns about its size and potential governance risks. <\/p>\n

Musk responded by calling them \u201ccorporate terrorists\u201d during Tesla\u2019s most recent earnings call.<\/p>\n

Despite the criticism, analysts broadly expect the proposal to pass. <\/p>\n

They warn, however, that a failed vote could unsettle investors and raise doubts about Musk\u2019s long-term commitment to Tesla.<\/p>\n<\/p>\n

The post Why Tesla stock is surging over 3% even as European sales continue decline<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Tesla stock climbed more than 3% to $470.38 in early trading on Monday, placing it within 4% of its all-time high of $488.54 reached in December 2024. The rally comes even as the electric-vehicle maker\u2019s European sales showed steep declines in October.An target price upgrade from an analyst might be helping the Tesla stock on…<\/p>\n","protected":false},"author":1,"featured_media":2133,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/posts\/2132","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/comments?post=2132"}],"version-history":[{"count":0,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/posts\/2132\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/media\/2133"}],"wp:attachment":[{"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/media?parent=2132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/categories?post=2132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/retrotradingreport.com\/index.php\/wp-json\/wp\/v2\/tags?post=2132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}