Concerns over Tesla's European Delivery Performance

18 days ago

John Tucker

"in the pre-market, Tesla is uh, higher in the pre-market and as it is always, one of the most actively traded higher this morning only because it's taken such a beating over the past week or so. Uh, they finished off a pretty dismal year in Europe. Steep declines in several of the region's major markets for new car sales. Uh, the company registered only 1,942 cars last month in France. Uh that's down 66% from a year earlier. Sales plunged 71% in Sweden at 44% in Spain. Uh deliveries dropping in all three countries for the full year. Now analysts are expecting Tesla to report later today that it's global vehicle deliveries fell around 11% in the fourth quarter."

Tesla's European delivery performance has been dismal with steep declines in key markets, raising concerns ahead of its expected global delivery report later today.

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