Tesla Has Best Norway October as Chinese Brands Hit Record

This article first appeared on GuruFocus. Tesla (NASDAQ:TSLA) registrations rose 248% in Sweden, 131% in Norway and 34% in Denmark in October, according to national registration data compiled by Reuters. Tesla shares rose 0.86% in premarket. Warning! GuruFocus has detected 8 Warning Signs with TSLA. Is TSLA fairly valued? Test your thesis with our free DCF calculator. In Norway, Tesla had its best October on record and was the top-selling car brand, with a 9.8% market share, while Chinese brands took a record 22.5% of new passenger car registrations. In Denmark, on the other hand, Tesla's market share was 0.73%, behind BYD, Leapmotor, Xpeng and SAIC-owned MG, which each held between 1.6% and 5.5%.