Tesla market share stabilises in France and Norway after two-year slump

Elon Musk’s Tesla (TSLA.O) gained market share in France and Norway in February, official data showed, signalling stabilisation in Europe after two straight years of declining sales.

In France, the automaker’s registrations, a proxy for sales, rose 55 per cent even as most rivals sold fewer cars than a year ago.

They increased 32 per cent in Norway, but fell 18 per cent in Denmark, the first countries to publish February data.

Tesla saw European sales drop 27 per cent last year amid rising competition...