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Tesla dominates in EV-heavy Norway where gas cars are nearly defunct
Tesla has been widely recognized as the world’s leader in electric vehicles, and in EV-heavy Norway, where gas cars are nearly defunct, the automaker is dominating.
A report from the New York Times earlier this week recognized Norway’s explicit focus on transitioning away from ICE vehicles and instead transitioning more people toward EVs. The country has been a model for other areas attempting to do the same thing: woo consumers away from gas in an effort to embrace electrification.
Norway has done such an incredible job getting people to try EVs that it has a lead over the U.S. in terms of the adoption of electric cars that the report puts the U.S. more than a decade behind. Norway has already passed the 50 percent EV adoption mark, which President Biden hopes the U.S. can achieve by the end of the 2020s.
But it gets worse.
Norway has already marked an 80 percent sales rate of EVs. That occurred last year, and gas cars are expected to be a thing of the past by the time 2025 rolls around.
-->While some skeptics are convinced a quick transition to EVs could be detrimental, Norway has proven that a country of its size can handle the move. It has not been hindered by lack of infrastructure or a high rate of critical analysis. Of course, conditions and situations are much different than here in the U.S., like population, for example.
New York City alone has 3 million more people than all of Norway, and while the Big Apple has made drastic strides to encourage EV adoption, there is no comparison in terms of sustainable powertrains compared to Norwegian residents.
In a country where EVs have largely taken over the realm of passenger vehicles, one company continues to stand out, and that’s Tesla.
In May thus far, Tesla has already captured over 35 percent of the market share, leading Volkswagen by a margin of well over 20 percent. Volkswagen’s 430 EVs registered so far in May in Norway have it holding 12.9 percent.
In 2022, Tesla held 15 percent of the total market for EVs in Norway, according to EU-EVs. Volkswagen had 12.3 percent, a much tighter margin than May of this year. However, if 2023 continues to trend the way it has through the first four-and-a-half months, Tesla will have completely solidified itself as the undisputed leader in Norway.
-->So far through May 10, Tesla has 11,610 registrations, accounting for 31.1 percent of the Norwegian EV market. This is nearly double Volkswagen’s 5,983 cars sold, which puts it at 16 percent. Toyota is third with 7.3 percent.
Tesla’s prowess as the leader in EVs goes well beyond the United States, and Norway, a country with so much belief in electrification, has embraced the automaker’s status as a dominating force.
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News
Tesla Europe rolls out FSD ride-alongs in the Netherlands’ holiday campaign
The festive event series comes amid Tesla’s ongoing push for regulatory approval of FSD across Europe.
Tesla Europe has announced that its “Future Holidays” campaign will feature Full Self-Driving (Supervised) ride-along experiences in the Netherlands.
The festive event series comes amid Tesla’s ongoing push for regulatory approval of FSD across Europe.
The Holiday program was announced by Tesla Europe & Middle East in a post on X. “Come get in the spirit with us. Featuring Caraoke, FSD Supervised ride-along experiences, holiday light shows with our S3XY lineup & more,” the company wrote in its post on X.
Per the program’s official website, fun activities will include Caraoke sessions and light shows with the S3XY vehicle lineup. It appears that Optimus will also be making an appearance at the events. Tesla even noted that the humanoid robot will be in “full party spirit,” so things might indeed be quite fun.
“This season, we’re introducing you to the fun of the future. Register for our holiday events to meet our robots, see if you can spot the Bot to win prizes, and check out our selection of exclusive merchandise and limited-edition gifts. Discover Tesla activities near you and discover what makes the future so festive,” Tesla wrote on its official website.
-->This announcement aligns with Tesla’s accelerating FSD efforts in Europe, where supervised ride-alongs could help demonstrate the tech to regulators and customers. The Netherlands, with its urban traffic and progressive EV policies, could serve as an ideal and valuable testing ground for FSD.
Tesla is currently hard at work pushing for the rollout of FSD to several European countries. Tesla has received approval to operate 19 FSD test vehicles on Spain’s roads, though this number could increase as the program develops. As per the Dirección General de Tráfico (DGT), Tesla would be able to operate its FSD fleet on any national route across Spain. Recent job openings also hint at Tesla starting FSD tests in Austria. Apart from this, the company is also holding FSD demonstrations in Germany, France, and Italy.
News
Tesla sees sharp November rebound in China as Model Y demand surges
New data from the China Passenger Car Association (CPCA) shows a 9.95% year-on-year increase and a 40.98% jump month-over-month.
Tesla’s sales momentum in China strengthened in November, with wholesale volumes rising to 86,700 units, reversing a slowdown seen in October.
New data from the China Passenger Car Association (CPCA) shows a 9.95% year-on-year increase and a 40.98% jump month-over-month. This was partly driven by tightened delivery windows, targeted marketing, and buyers moving to secure vehicles before changes to national purchase tax incentives take effect.
Tesla’s November rebound coincided with a noticeable spike in Model Y interest across China. Delivery wait times extended multiple times over the month, jumping from an initial 2–5 weeks to estimated handovers in January and February 2026 for most five-seat variants. Only the six-seat Model Y L kept its 4–8 week estimated delivery timeframe.
The company amplified these delivery updates across its Chinese social media channels, urging buyers to lock in orders early to secure 2025 delivery slots and preserve eligibility for current purchase tax incentives, as noted in a CNEV Post report. Tesla also highlighted that new inventory-built Model Y units were available for customers seeking guaranteed handovers before December 31.
This combination of urgency marketing and genuine supply-demand pressure seemed to have helped boost November’s volumes, stabilizing what had been a year marked by several months of year-over-year declines.
-->For the January–November period, Tesla China recorded 754,561 wholesale units, an 8.30% decline compared to the same period last year. The company’s Shanghai Gigafactory continues to operate as both a domestic production base and a major global export hub, building the Model 3 and Model Y for markets across Asia, Europe, and the Middle East, among other territories.
Tesla bear Michael Burry got blunt with his beliefs over the company’s valuation, which he called “ridiculously overvalued” in a newsletter to subscribers this past weekend.
“Tesla’s market capitalization is ridiculously overvalued today and has been for a good long time,” Burry, who was the inspiration for the movie The Big Short, and was portrayed by Christian Bale.
Burry went on to say, “As an aside, the Elon cult was all-in on electric cars until competition showed up, then all-in on autonomous driving until competition showed up, and now is all-in on robots — until competition shows up.”
Tesla bear Michael Burry ditches bet against $TSLA, says ‘media inflated’ the situation
For a long time, Burry has been skeptical of Tesla, its stock, and its CEO, Elon Musk, even placing a $530 million bet against shares several years ago. Eventually, Burry’s short position extended to other supporters of the company, including ARK Invest.
Tesla has long drawn skepticism from investors and more traditional analysts, who believe its valuation is overblown. However, the company is not traded as a traditional stock, something that other Wall Street firms have recognized.
While many believe the company has some serious pull as an automaker, an identity that helped it reach the valuation it has, Tesla has more than transformed into a robotics, AI, and self-driving play, pulling itself into the realm of some of the most recognizable stocks in tech.
Burry’s Scion Asset Management has put its money where its mouth is against Tesla stock on several occasions, but the firm has not yielded positive results, as shares have increased in value since 2020 by over 115 percent. The firm closed in May.
In 2020, it launched its short position, but by October 2021, it had ditched that position.
Tesla has had a tumultuous year on Wall Street, dipping significantly to around the $220 mark at one point. However, it rebounded significantly in September, climbing back up to the $400 region, as it currently trades at around $430.
It closed at $430.14 on Monday.
Tesla Europe rolls out FSD ride-alongs in the Netherlands’ holiday campaign
Tesla sees sharp November rebound in China as Model Y demand surges
