Türkiye: Zangezur corridor in Azerbaijan is set to drive regional trade
The long-awaited Zangezur Corridor in Azerbaijan, is set to become a vital transit artery—integrating the Turkic world and revitalising the Middle C...
Tesla’s market performance in Scandinavia has experienced a notable downturn, with registration data from February showing a significant decline compared to the previous year.
In Sweden, new Tesla registrations dropped by 42% year-on-year, while both Norway and Denmark saw decreases of 48%, despite an overall increase in auto and electric vehicle demand in these countries.
In Norway—where nearly all new vehicles are electric—Tesla’s share of total car sales has fallen to 8.8% year-to-date, down from 18.9% recorded in 2024 and 20% in 2023. Industry observers note that this decline coincides with increasing competition from rivals such as Volkswagen and Toyota, which have introduced newer model lineups that appear to be capturing consumer interest.
Analysts suggest that Tesla’s challenges may be compounded by broader concerns over brand perception. CEO Elon Musk’s political activities, including his involvement in U.S. political affairs, federal workforce cuts, and comments perceived as aligning with far-right views in Europe, have sparked demonstrations and calls for boycotts. Some prospective buyers, according to the Danish Federation of Motorists, have indicated a willingness to consider alternatives to Tesla amid what they describe as a growing trend in “political consumerism.”
The company is also facing scrutiny over its vehicle lineup. Observers point to an ageing range of models as a potential factor in the current sales decline. Tesla is preparing to introduce an upgraded version of its Model Y mid-size SUV in Europe—the best-selling car in the region over the past two years—but it remains to be seen whether this new iteration will help the company regain market share. Initial assessments of the impact are expected between March and June, with possible adjustments in pricing strategy also under consideration.
A Tesla spokesperson did not immediately respond to requests for comment regarding the recent sales figures and market trends.
As competition intensifies and brand loyalty is tested, the coming months will be critical in determining whether Tesla can reverse its declining momentum in the Scandinavian market.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
The long-awaited Zangezur Corridor in Azerbaijan, is set to become a vital transit artery—integrating the Turkic world and revitalising the Middle Corridor trade route stretching from the Far East to Europe according to Türkiye's Trade Minister Omer Bolat.
TEKNOFEST opened its doors on Wednesday (17 September) at Istanbul Ataturk Airport, bringing together technology lovers, innovators, and entrepreneurs.
Around 300 local and international media representatives will be accredited at the Media Centre established by the Baku City Circuit Operations Company to cover this year’s Formula 1 Azerbaijan Grand Prix.
Georgian Prime Minister Irakli Kobakhidze said during a press briefing in Adjara that some non-governmental organisations (NGOs) have engaged in anti-state activities and attempted to instigate revolutionary processes with the support of foreign funding.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment