Tesla’s new car registrations plunged sharply in June, dropping 64.4% in Sweden and 61.6% in Denmark compared to last year, highlighting growing challenges for the U.S. electric vehicle maker in these Nordic markets.
Tesla experienced a significant decline in new car registrations in both Sweden and Denmark in June. According to data from Mobility Sweden, registrations in Sweden fell by 64.4% year-on-year to just 976 vehicles. Meanwhile, Mobility Denmark reported a 61.6% drop in registrations, totaling 1,282 cars.
Tesla’s revised Model Y sales in Denmark also decreased by 31.2% compared to the previous year, indicating ongoing difficulties in boosting the brand’s performance. This marks the sixth consecutive month of declining sales for Tesla in these countries, as competitors gain traction and CEO Elon Musk faces declining popularity.
The sales data release coincided with renewed tensions between Musk and U.S. President Donald Trump over a major tax and spending bill. Following the announcement, Tesla’s shares listed in Frankfurt dropped 5.6% early Wednesday.
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President Donald Trump announced on Friday that no U.S. government official would attend the upcoming Group of 20 summit in South Africa later this month, citing what he described as "human rights abuses" occurring in the country.
Serbia's parliament passed a law on Friday designed to accelerate the development of a luxury complex in Belgrade, leased to an investment company founded by Jared Kushner, U.S. President Donald Trump's son-in-law.
Azerbaijan has no plans to deploy peacekeepers to Gaza unless there is a complete cessation of hostilities between Israel and Hamas, an Azerbaijani Foreign Ministry official told Reuters on Friday.
German Defence Minister Boris Pistorius on Friday suggested a potential link between recent drone incidents in Belgium and discussions surrounding the use of frozen Russian assets, held by Belgian financial institution Euroclear, to fund a substantial loan to Ukraine.
Kendrick Lamar and Lady Gaga lead the 2026 Grammy nominations, while K-Pop enters the Song of the Year category for the first time in the award’s history.
Israel launched airstrikes on southern Lebanon after ordering evacuations, accusing Hezbollah of rebuilding its forces despite a year-old ceasefire, as Lebanon and the United Nations warned of renewed border tensions.
U.S. Senate Republicans have blocked a resolution that would have barred President Donald Trump from launching military action against Venezuela without congressional approval, despite growing concern over recent U.S. strikes in the southern Caribbean.
The driver who rammed his car into a crowd in western France on Wednesday is suspected of "self-radicalisation" and had "explicit religious references" at home, the country's Interior Minister Laurent Nunez said on Thursday.
Tesla CEO Elon Musk won shareholder approval on Thursday for the largest corporate pay package in history as investors endorsed his vision of morphing the electric vehicle (EV) maker into an artificial intelligence (AI) and robotics juggernaut.
Despite promises of recovery from the new government, Germany’s economy continues to stagnate, with no signs of renewed momentum. According to the latest report from the German Chamber of Industry and Commerce (DIHK), the country still lacks the drive needed for a genuine economic rebound.
Türkiye’s benchmark BIST 100 index ended Thursday up 0.94%, closing at 11,073.27 points. Opening the day at 11,029.29, the index gained 102.9 points compared with the previous close.
Dutch smartphone maker Fairphone is entering the U.S. market, betting on growing demand for repairable and sustainable devices as right-to-repair legislation gains traction, according to Reuters.
Premier Li Qiang said on Wednesday that China's economy will exceed 170 trillion yuan ($23.87 trillion) by 2030, presenting a big market opportunity for the world as trade restrictions rise globally.
Jamaican Prime Minister Andrew Holness on Tuesday said that last week's Hurricane Melissa, the strongest-ever storm to hit its shores, caused damage to homes and key infrastructure roughly equivalent to 28% to 32% of last year's gross domestic product.
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