March 2 (Reuters) - Elon Musk’s Tesla (TSLA.O) gained market share in some key European markets in February, official data showed, signalling some stabilisation in the continent after two straight years of declining sales.
In France, the automaker’s registrations, a proxy for sales, rose 55% even as most rivals sold fewer cars in the country than a year ago.
Registrations increased 74% in Spain and 32% in Norway, but fell 45% in the Netherlands and 18% in Denmark.
Other countries including Italy, Portugal and Belgium are set to report through the day.
Tesla saw European sales drop 27% last year amid rising competition, particularly from Chinese EV brands, controversy over Musk’s politics and an ageing model lineup.
Last year Tesla unveiled cheaper versions of its Model Y and Model 3 in the United States and Europe, which started to roll out to consumers late last year.
The company’s market share in the European Union, Britain and the European Free Trade Association slid marginally to 0.8% in January from 1% in the same month in 2025.
But that is still far below its 1.8% market share in 2025, 2.5% in 2024 and 2.9% in 2023, when its signature Model Y SUV was the world’s best-selling model.

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- Tesla gained market share in several key European markets in February 2026, with registrations increasing notably in France, Spain, and Norway.  
- Despite a 27% drop in European sales last year due to competition and other controversies, the automaker's recent releases of cheaper Model Y and Model 3 versions are contributing to a recovery.  
- Tesla's market share in the EU, Britain, and the EFTA decreased slightly to 0.8% in January 2026, significantly lower than previous years' figures.

Reuters

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Tesla regains some market shares around Europe in February, in sign of stabilising sales