Tesla’s (TSLA) November registrations in France and Denmark halved from a year ago, as the EV maker struggled to reverse market share losses in Europe despite the launch of a new range of its best-selling Model Y, Reuters reported.
Monthly registrations, a proxy for sales, slumped 58% in France to 1,593 vehicles sold and by 49% to 534 cars in Denmark, where the Model Y was the 23rd most popular vehicle with 206 units sold, official data showed.
In October, Tesla unveiled lower-priced versions of its staple Model Y SUV and Model 3 sedan, with the latter not yet available in Europe.
In Denmark, November registrations of the Model 3 increased by 29% to 326 cars, making it the country’s 8th most sold car, Mobility Denmark said, while those of the Model Y plummeted by 74%, according to data by Bilstatistik.dk, which runs Scandinavia’s largest car database, the report added.
Tesla (TSLA) down 1.1% premarket at $425.60.