Updated version 1 - Tesla's registrations across Europe increased in September, with recovery momentum continuing.
路透社2026/10/01 13:16Data from Spain and Denmark were added in paragraphs 2 and 3; charts were added in paragraphs 5 and 8; analyst comments were added in paragraphs 4 and 9 to 11.
Amir Orusov
Reuters, October 1 - In September, Tesla TSLA.O saw growth in new car registrations across several European markets, continuing the US electric vehicle maker's momentum in sales recovery in the region.
Data released Thursday by French automotive industry body PFA, Mobility Sweden, and industry group ANFAC show that, as an indicator of sales, Tesla registrations jumped 61.9% year-on-year in France (link), rose 38.4% in Sweden (link), and grew 24.8% in Spain (link).
Norwegian statistics agency OFV and Danish automotive data platform bilstatistik.dk stated that registrations increased by 2.2% in Norway (link) and by 2.9% in Denmark (link).
Rico Luman, Senior Economist at ING Research, said that due to high market saturation, the pure electric vehicle markets in Norway and Denmark have begun to slow.
Tesla’s sales rebound is attributed to the low base in the same period last year, rising fuel prices, government incentives, and growing consumer interest in electric vehicles.
This growth further confirms broader signs of recovery in Tesla's European business after two years of declining sales. According to data from the European Automobile Manufacturers Association (ACEA), from January to August, Tesla registrations in the EU, the UK, and the European Free Trade Association (EFTA) soared by 43.3%, outpacing the 38.8% growth rate of the overall pure electric vehicle market during the same period.
However, Matthias Schmidt, a European automotive market analyst at Schmidt Automotive, said that as peer competition intensifies, Tesla’s growth could slow by 2027 and become more in line with the overall market level.
Joern Buss, Partner at consultancy Arthur D. Little, noted that Tesla remains highly dependent on its Model 3 and Model Y, while consumers now have more competitively priced options from Chinese rivals as well as the latest models from Europe.
Buss added that European carmakers such as BMW BMWG.DE and Mercedes-Benz MBGn.DE are especially attractive to buyers who have strong loyalty to domestic brands.
New car registration data from the UK and Germany, the two largest automotive markets in Europe, will be released later this week and will further indicate whether Tesla’s recovery momentum in the region is strengthening.
(To assist non-English speakers, Reuters has automated the translation of its reports into several other languages. As such translations may contain errors or lack necessary context, Reuters does not guarantee the accuracy of the automated translation, which is provided solely for the convenience of readers. Reuters accepts no responsibility for any damage or loss arising from the use of automated translation.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BAE Systems wins Lockheed Martin contract to supply electronic warfare systems for F-35 jets
BAE Systems won a Lockheed Martin contract to supply electronic warfare systems for F-35 Lightning II fighter jets. Order covers production deliveries for F-35 Lots 20-22. Deal also includes retrofit systems to modernize older aircraft in the global F-35 fleet. BAE Systems has delivered more than 1,500 F-35 electronic warfare systems to date. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BAE Systems plc published the original content used to generate this news brief via PR Newswire (Ref. ID: 202610061000PR_NEWS_USPR_____NE64821) on October 06, 2026, and is solely responsible for the information contained therein.
Japanese Yen: Range trade holds against US Dollar as Fed path questioned – Rabobank
BUZZ-GEO Group shares rise after completing $650 million debt refinancing
On October 6, shares of prison operator GEO Group (GEO.N) rose 2.6% in premarket trading to $33.19. The company conducted a debt refinancing, redeeming $650 million in senior secured notes due in 2029. Its $550 million revolving credit facility maturity was extended to July 2031. Earlier this week, the company agreed to sell its ICE processing center complex in Adelanto, California for $950 million. The company also recently increased its share repurchase authorization to $1.25 billion. As of the close of the previous trading day, the company's share price had more than doubled this year. (For the convenience of non-English speakers, Reuters provides automated translation of its reports into several other languages. As automated translation may contain errors or lack necessary context, Reuters does not guarantee the accuracy of automated translations and provides them for the convenience of readers only. Reuters assumes no responsibility for any damage or loss arising from the use of automated translation.)
Updated: 2-ArriVent’s oral lung cancer therapy fails in late-stage clinical trial, shares plunge
In the first paragraph, stock information was added. Paragraphs 2 to 8 provide a detailed introduction to the disease and the clinical trial situation. Reuters, Oct. 6 - ArriVent BioPharma (AVBP.O) said on Tuesday that its oral therapy for treating rare lung cancer failed to meet its primary goal of delaying disease progression in a late-stage clinical trial, leading to its shares plunging by 63% in premarket trading. The therapy, firmonertinib, targets previously untreated advanced non-small cell lung cancer (NSCLC) patients who carry a gene mutation called the EGFR exon 20 insertion, which can promote cancer growth. This mutation accounts for about 0.5% to 1% of all NSCLC cases. NSCLC represents about 85% of all lung cancer cases. In the trial, according to independent reviewers, the 240mg dosage developed by ArriVent extended median progression-free survival to 11 months, compared to 9.5 months in the chemotherapy group. Chief Executive Officer Bing Yao stated that the improvement in progression-free survival (defined as the length of time patients live without worsening or spread of disease) was not significant. "These disappointing results are not what we had hoped for, especially for patients with EGFR exon 20 insertion-mutant NSCLC who are in urgent need of more effective treatments," said Yao. The company is evaluating the full data set to determine the most suitable development path for firmonertinib. ArriVent stated that no new safety signals were observed in the trial. The therapy has already been approved in China for non-small cell lung cancer patients carrying specific mutations. (For the convenience of non-English language speakers, Reuters has automated the translation of its reporting into several other languages. Due to possible errors or missing context in automated translation, Reuters does not guarantee the accuracy of automated translated texts and provides them for readers’ convenience only. Reuters accepts no responsibility for any damages or losses caused by the use of the automated translation feature.)
Crypto prices
More
