Tesla’s October performance across Europe painted a grim picture for the American automaker. Sales plummeted by 50% in Norway, 48% in the Netherlands, 86% in Denmark, and 89% in Sweden versus October 2023. Spain saw a 31% decline despite the country’s overall electric vehicle market jumping 119%. Only France managed a modest uptick, marking the second consecutive monthly gain there.
The decline of Tesla in Europe and other markets gives new players like Massimo Group (NASDAQ: MAMO) an opportunity to…
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