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Dow, S&P 500, Nasdaq wobble after rally as Iran war drags on

Tesla’s ( TSLA ) is a bright spot in core auto sales, with fortunes only slightly changing in much of Europe.

According to European Automobile Manufacturers Association (ACEA), Tesla electric vehicle registrations (a proxy for sales) in Europe rose to 17,664 units in February, up 11.8 percent from a year earlier. In January, sales fell 17 percent, the last month of losses since December 2024.

While sales increased this February, it came in comparison to a weak February in 2025. Last year, Tesla’s European sales fell 27%.

Tesla’s recent losing streak comes against a backdrop of booming EV sales in the larger European region. Total EV registrations in the region, which includes the UK and European Free Trade Association, rose 15.8 percent in February, with overall registrations up just 1.7 percent regardless of powertrain.

While EV sales have declined somewhat in the US, affordable EVs and hybrids are flourishing in the EU, particularly from Chinese automakers like BYD and Li Auto, as buyers across the pond embrace Asian imports.

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