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Tesla dealership in snowy Norway celebrates reclaiming top EV sales spot in February 2026 with 98% market share.
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Tesla reclaims top spot in Norway as EV sales surge

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Tesla has reclaimed the leading position in Norway's automotive market in February 2026, following a sharp decline in January. Electric vehicles captured 98% of new car registrations amid a market rebound. The recovery comes after value-added tax adjustments prompted buyers to advance purchases into late 2025.

Tesla’s Model Y led foreign vehicle registrations in Japan for May 2026. The achievement marks a first for the brand in the import segment.

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A Motley Fool analyst forecasts that Tesla's stock will fall below a $1 trillion valuation before the end of 2026, citing declining electric vehicle sales and an elevated price-to-earnings ratio. The prediction comes amid challenges in Tesla's core business, despite excitement around future products like the Cybercab robotaxi and Optimus humanoid robot. Tesla currently holds a $1.5 trillion market cap, the seventh-largest among U.S. companies.

Tesla reported a record 14.2 GWh of energy storage deployments in the fourth quarter of 2025, up 29% from the previous year, even as its electric vehicle deliveries fell 16%. The company's energy business, including Powerwall and Megapack products, continues to show strong growth and profit margins. CEO Elon Musk highlighted the long-term potential of energy storage and solar integration.

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Tesla's shares fell more than 3.5 percent in early trading on Monday following the Department of Justice's release of files detailing communications between Elon Musk and Jeffrey Epstein. The documents contradict Musk's earlier denials of interest in visiting Epstein's island. Despite some sales upticks in Europe, the company's stock has faced pressure amid ongoing controversies.

Tesla's Model Y and Model 3 led the US electric vehicle market in 2025 as part of a year that saw total sales of about 1.28 million units. The Model Y sold 357,528 units for 39.5% share, while the Model 3 delivered 192,440 units for 15.9% share—together over 55% of the market and underscoring Tesla's hold amid challenges. (See our series overview for full market breakdown.)

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Cox Automotive data shows Ford's F-150 Lightning topped US electric pickup sales in 2025 with 27,307 units, outselling Tesla's Cybertruck (20,237 units) despite Ford's discontinuation of the model. The segment fell 15.6% to 90,019 units overall, hit by the end of federal tax credits, high prices, and quality issues.

 

 

 

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