Tesla’s new car registrations in Norway jumped by 213% year-on-year in May, reaching 2,600 vehicles, boosted by strong demand for the revamped Model Y SUV.
Tesla saw a dramatic rebound in Norway last month, with May sales rising 213% compared to the same period last year, according to data released Monday. The surge, totaling 2,600 vehicles, was largely attributed to the popularity of the updated Model Y — Norway’s best-selling car for the third consecutive year.
Overall, Tesla's year-to-date sales in Norway are up 8.3% compared to the first five months of 2024, indicating a steady recovery in a market increasingly dominated by electric vehicles.
Norway remains a global leader in EV adoption. According to the Norwegian Road Federation, 92.7% of new cars sold so far this year are fully electric, putting the country on track to meet its ambitious goal of eliminating petrol and diesel vehicle sales.
In an effort to boost deliveries amid wider European sales challenges, Tesla is offering zero-interest financing to Norwegian buyers who take delivery of a new Model Y before the end of June. Similar offers are being extended to customers in several other European markets.
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A tourist aircraft crashed near Peru's UNESCO-listed Nazca Lines on Saturday (1 August), killing all 13 people on board, authorities said.
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U.S. President Donald Trump said late on Saturday he would hold off on a fresh attack on Iran as long as a deal could be reached quickly to halt Iran's nuclear ambitions and reopen the Strait of Hormuz.
Two firefighting helicopters collided while battling a major wildfire in Greece on Sunday, killing two crew members as emergency services continued efforts to contain fires fuelled by extreme heat and dry conditions across Europe.
French Prime Minister Sebastien Lecornu said wildfires that swept across France were now under control. Authorities warned that risks remained as Greece and Spain continued battling active blazes across parts of Europe.
Ford raised its full-year earnings forecast after reporting stronger-than-expected second-quarter adjusted profit, as resilient demand for its vehicles and operational improvements helped offset tariff-related costs.
SK Hynix reported record quarterly profit on Wednesday, but its shares slumped 10 per cent after the South Korean chipmaker fell short of investor expectations built around the artificial intelligence (AI) boom.
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China's Foreign Ministry has said it is closely monitoring the United Kingdom's nationalisation of British Steel. Prior to the British government fully taking over the loss-making company on Thursday, it was previously owned by Chinese private steelmaker Jingye.
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