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Tesla gained share in France and Norway, hinting at stabilization in Europe after a prolonged sales slump.
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00:00It's Benzinga bringing Wall Street to Main Street
00:02Tesla gained market share in France and Norway in February, according to official data, signaling
00:07stabilization in Europe after two years of declining sales, according to Reuters.
00:12Registrations in France rose 55 percent while most rivals sold fewer cars than a year earlier.
00:18Registrations increased 32 percent in Norway and fell 18 percent in Denmark.
00:23Italy and Spain are set to report data later in the day.
00:26Tesla's European sales dropped 27 percent last year amid rising competition,
00:31controversy over Musk's politics, and an aging model lineup.
00:35The company rolled out cheaper Model Y and Model 3 versions late last year.
00:39Market share in the EU, Britain, and the European Free Trade Association slipped
00:43to 0.8 percent in January from 1 percent a year earlier.
00:47For all things money, visit Benzinga.com.
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