Tesla Inc. (NASDAQ:TSLA) has recorded a surge in registrations across multiple European markets as the Elon Musk-led EV giant’s sales improve after consistent declines.

Tesla Grows In France, Denmark

Tesla registered 9,569 new vehicles in France during March, according to a report by Reuters on Tuesday. The figure also illustrated a 203% YoY increase in registrations for the EV giant in the market and was slightly below the record of 9,572 vehicles it registered in December 2023, the report said.

The EV maker’s sales in Scandinavia also grew, with Norway reporting 6,150 registrations, up 178% in March. Sweden reported 1,447 registrations in March, constituting a 144% surge for Tesla in the country. Denmark recorded a 96% surge in registrations, reporting 1,784 units sold in the country last month, according to the report.

Elon Musk Says Model S, X End Production

The news comes as Musk took to social media to share that the automaker has officially ended production of the premium Model S and X lines, calling the move the end of an era for the automaker. The Model S and X were the earliest models offered by the company following the original Roadster, being in production since 2012 and 2015, respectively.

Tesla's current lineup includes the Model 3, Model Y and the Cybertruck, but there could be a brand-new vehicle on the horizon for the automaker besides the upcoming $30,000 Cybercab with no pedals or a steering wheel.

According to Benzinga Edge Rankings, Tesla offers Satisfactory Momentum and Growth, as well as a favorable price trend in the Long term.

Price Action: TSLA grew 4.64% to $371.75 at market close on Tuesday, surging 1.25% further to $376.39 during pre-market trading on Wednesday.

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