<div id="readability-page-1"><div><div><p><strong>Tesla Inc.</strong>'s <span>TSLA</span> sales fell for the seventh consecutive month in Denmark, Sweden and France as the EV giant’s woes show no signs of relief for <strong>Elon Musk</strong>.</p><p><em>Check out the current price of</em><em> </em><em>TSLA stock here</em><em>.</em></p><p><strong>What Happened: </strong>Swedish sales fell 86% YoY in July with 163 cars sold, while Denmark recorded a 52% drop in sales with 336 units sold and France saw sales drop almost 27% with 1,307 cars sold, Reuters reported on Friday.</p><p>Model Y registrations fell by 88% in Sweden and 49% in Denmark during July, the report suggests. Despite the slump in Sweden and Denmark, overall car sales were up in both markets by 6% and 20% respectively.</p><p><strong>Why It Matters: </strong>The news comes as Musk had warned that the company would experience a &#34;rough few quarters&#34; ahead, with sales figures dwindling in multiple markets across the globe.</p><p>However, Musk said the company will release an affordable, scaled-down version of the Model Y, which could help boost sales. Experts, on the other hand, have criticized the decision, saying it could lead to cannibalization.</p><div><div><div><p>Trending Investment Opportunities</p></div></div></div><p>The company also stopped taking new orders for the Model S and Model X in Europe, which could be another sign that sales are down in Europe for Tesla.</p><p>Tesla scores well on Momentum and Quality, while offering satisfactory Growth, but poor Value. For more such insights, sign up for Benzinga Edge Stock Rankings today!</p><p><em>Check out more of Benzinga’s Future Of Mobility coverage by</em><em> following this link.</em></p><ul> <li>Ross Gerber Slams Tesla Over Robotaxi’s ‘Wild Exaggerations,’ Calls Supervised FSD An ‘Oxymoron’</li> </ul><p><em>Image Credit: Erin Udell / USA TODAY NETWORK via Imagn Images</em></p></div></div></div>

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<p>Tesla Inc. has reported a decline in sales for the seventh consecutive month in Denmark, Sweden, and France. In July, Swedish sales plummeted by 86% year-over-year, while Denmark and France saw drops of 52% and nearly 27%, respectively. Despite overall car sales increasing in these markets, Tesla's Model Y registrations fell significantly. Elon Musk has indicated challenging quarters ahead but plans to introduce a more affordable Model Y. Additionally, Tesla has ceased new orders for the Model S and Model X in Europe, signaling ongoing sales struggles.</p>

- Tesla Inc. experienced a decline in sales for the seventh consecutive month in Denmark, Sweden, and France, with significant drops reported in July.  
- Swedish sales plummeted 86% year-over-year, while Denmark and France saw decreases of 52% and nearly 27%, respectively.  
- Despite these challenges, Musk indicated plans for a more affordable Model Y, although experts warn this could lead to cannibalization of existing models.

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Tesla's European Woes Worsen As Sales Decline In Denmark, Sweden And France For Seventh Consecutive Month