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European car sales rise modestly in February, Tesla reverses year-long skid [Yahoo! Finance Canada]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
electric ?vehicles helped Elon Musk's all-electric brand Tesla resume growth for the ?first time since December 2024, official data showed on Tuesday. Overall car registrations, a proxy for ?sales, in the European Union, Britain and the European Free Trade Association were up 1.7% to 979,321 vehicles sold in the month, according to the European auto lobby ACEA. Two-thirds of those were electrified, either battery-electric, plug-in hybrid or hybrid. The ?EU and Britain are walking ?back some regulations aimed at reducing CO2 emissions after pressure from domestic carmakers who say they are struggling to ?turn a profit on EV sales while fending off competition from Chinese rivals. But battery-electric and plug-in hybrid sales have been steadily on the rise in Europe thanks ?to new, ?cheaper models coming into the market ?and national policies which encourage EV ?adoption. Environmental groups warn that the repositioning of some petrol models as "mild hybrids" has also contribu
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