Tesla $TSLA ( ▼ 0.2% ) continued to struggle in what it calls its “weakest market” as November sales fell year-over-year across much of Europe, including Sweden, France, and Spain, per Reuters. Competition has tightened and Tesla’s lineup is aging, which hasn’t helped the regional slump.
There were, however, two pockets of strength. In Norway, buyers rushed to beat the expiration of certain EV subsidies, pushing Tesla sales up 175 percent in November and roughly 35 percent for the year so far. Italy also showed signs of life, with sales climbing 58 percent year-over-year after six straight months of declines. From January through November, Tesla sales in Italy are still down 28 percent.