Tesla‘s TSLA August vehicle registrations across key European markets delivered a mixed performance, with sharp increases in France and Denmark offset by steep declines in Norway, Spain, Sweden, Portugal and Italy.

New Tesla registrations, which are generally used as an indicator of sales, jumped 279% year over year in France and 104% in Denmark, per the data from France’s PFA and Denmark’s bilstatistik.dk.

However, registrations plunged 79% in both Norway and Spain, while Sweden, Portugal and Italy recorded declines of 41%, 37% and 36%, respectively, per the data from national automotive industry organizations OFV, Mobility Sweden, ANFAC and ACAP, and Italy’s Transport Ministry.

In Norway, the steep decline may partly reflect a difficult comparison with last year, when buyers accelerated purchases ahead of a fiscal policy change scheduled for the end of 2025, per the European auto market analyst Matthias Schmidt.

Tesla’s European sales have generally recovered this year following two consecutive years of declines. The improvement has been supported by easier year-over-year comparisons, higher fuel prices, government incentives and increasing consumer interest in electric vehicles. Registration data from the United Kingdom and Germany, Europe’s two largest auto markets, is expected later this week. TSLA carries a Zacks Rank #4 (Sell) at present. 

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

BYD Company Limited BYDDY reported strong growth in August, selling 440,293 new energy vehicles (NEVs), up 17.8% year over year and 5.03% from July. The figure marked BYD’s highest monthly sales total of the year and extended its recovery with a fourth consecutive year-over-year increase. Passenger NEV sales rose 16.7% year over year to 433,384 units, while BYD’s commercial NEV sales jumped 225.1% to 6,909 units, despite declining from July.

Geely Automobile Holdings Limited GELHY also recorded another increase in monthly sales, with August deliveries reaching 270,194 vehicles, which increased 8.01% year over year and marked its strongest monthly performance this year. Geely’s overseas shipments were particularly strong, surging 205.2% to 110,094 vehicles. Exports hit a record for the eighth consecutive month and represented about 41% of Geely’s total sales, helping offset continued weakness in its domestic market.

Tesla has underperformed the Zacks Automotive – Domestic industry in the last six months. Tesla has lost 11.2% compared with the industry’s decline of 5.8%.