<p><strong>Tesla Inc.</strong>‘s (NASDAQ:TSLA) cumulative sales in multiple European markets showed growth in April as the <strong>Elon Musk</strong>-led EV maker charts a path back from sales declines.</p>



<h2>Tesla Posts Positive Sales Growth In Most Markets</h2>



<p>The automaker posted sales growth in markets like France, the Netherlands, Denmark and Sweden, but it fell in countries like Italy, Spain and Portugal, according to a report by Reuters on Tuesday. Sales grew 112% in France, while the Netherlands recorded a 23% growth. While Scandinavian nations Sweden and Denmark recorded a 111% and 102% growth, respectively, the report said.</p>



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<p>In contrast, sales were down 47% in Spain and 61% in Norway, the report said. Tesla also recorded declines of 5% and 33% in Italy and Portugal, respectively. The steep decline in Norway, which has been a Tesla stronghold in the past, could be attributed to a change in its EV incentive rules, the report said.</p>



<p>Tesla’s sales jump in other markets could also illustrate a renewed interest in battery electric vehicles as gas prices surge amid tensions in the Middle East, the report said.</p>



<h2>BYD Declines In China, Grows Overseas</h2>



<p>Tesla’s Chinese rival <strong>BYD Co. Ltd.</strong> (OTC:BYDDY) (OTC:BYDDF), on the other hand, continued its decline in the Chinese market, falling for an eighth consecutive month in April, according to a CNBC report on Monday. BYD delivered 314,000 units in April, down 15.7% YoY, the report said.</p>



<p>However, the company’s exports rose 70% in April, as the automaker sent 135,098 units overseas, the report said, citing a Hong Kong stock exchange filing. BYD’s European registrations rose 155% in the first quarter of 2026, the report said.</p>



<h2>TSLA Vs BYD Stock Head-To-Head</h2>



<p>Over the past month, Tesla’s stock has grown 11.25%. It currently trades at $391.89 on the NASDAQ. On the other hand, BYD's Hong Kong-listed shares have declined by over 5.71% to HK$100.70 ($12.85). It’s also worth noting that both automakers remain among the most valuable companies in their sectors.</p>



<p>Tesla’s current market cap of over $1.4 trillion makes it the most valuable automaker in the world. In contrast, BYD, with its current valuation of $137.47 billion, is the third-most valuable automaker in the world.</p>



<p>Despite this, questions remain about Tesla's valuation, with experts citing that the automaker's value is dependent largely on its self-driving pursuits, which have shown little improvement amid a slow Robotaxi rollout.</p>



<h2>Used EV Sales Surge</h2>



<p>As the war in Iran escalates, sales of used EVs surged in the U.S., with 44% of the sales comprising models priced below $25,000. Tesla vehicles have also been performing well on the used market and seem to be holding on to their values. </p>



<p>The vehicles are also depreciating less when compared to their legacy automaker EV counterparts. The automaker’s vehicles also emerged among the fastest-selling EVs in the U.S. used market.</p>



<figure class="wp-block-image size-large"><img width="1024" height="198" src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/05024004/TSLA-MAY-5-2026-1024x198.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/05024004/TSLA-MAY-5-2026-1024x198.jpg"/></figure>



<p>According to Benzinga Edge Rankings, Tesla offers satisfactory Momentum, but poor Value. It also provides a favorable price trend in the Long term.</p>



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<p><strong>Price Action:</strong> TSLA was down 0.16% at $391.89 during overnight trading.</p>



<p><em>Check out more of Benzinga’s Future Of Mobility coverage by</em> following this link.</p>



<p><em>Photo courtesy: Shutterstock</em></p>

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<p>Tesla's sales in Europe rebounded in April, with significant growth in countries like France and the Netherlands, while BYD faced a decline in China for the eighth consecutive month. Tesla's stock rose 11.25%, trading at $391.89, while BYD's shares fell over 5.71% to HK$100.70. Despite BYD's strong overseas growth, including a 70% increase in exports, questions about Tesla's valuation persist due to slow advancements in self-driving technology. Used EV sales surged in the U.S., with Tesla vehicles maintaining their value better than competitors.</p>

- Tesla Inc. reported positive sales growth in multiple European markets in April, with France seeing a 112% increase and the Netherlands 23%.  
- However, sales declined in Spain (47%), Norway (61%), Italy (5%), and Portugal (33%), attributed in part to changes in EV incentives in Norway and rising gas prices.  
- Tesla's market cap remains over $1.4 trillion, positioning it as the world's most valuable automaker, while used EV sales surge in the U.S., particularly for Tesla models.

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Tesla Vs BYD Is Heating Up Again: Elon Musk Pushes Aggressive Europe Expansion While BYD Stumbles In China