New York, Feb 2, 2026, 09:00 EST — Premarket
- Tesla shares dipped roughly 2% before the bell, following a Friday close at $430.41.
- January registrations in major European markets remained uneven, marked by sharp declines in Norway and France.
- Attention turns to demand indicators from Europe, Tesla’s increased spending on autonomy, and upcoming U.S. data releases set for later this week.
Tesla’s January car registrations across parts of Europe fell short of a rebound, as drops in France and Norway outpaced increases in Sweden and Denmark, official figures showed Monday. Tesla shares slid roughly 2% in U.S. premarket, trading near $421 after closing Friday at $430.41. (Reuters)
The early read is crucial since January ranks among the slowest months for car sales in the region. Traders frequently rely on registrations as a stand-in for demand. A weak start would only fuel concerns that Tesla is starting to lose ground amid increasing competition.
Investors are wrestling with the auto figures alongside the company’s bet on autonomy and robotics, which require both a big fleet and consistent cash flow. When the car segment stumbles, sentiment takes a hit fast—especially as rate forecasts fluctuate.
Tesla registrations in Sweden climbed 26% to 512 vehicles in January compared to last year, with Denmark seeing a modest 3% rise to 458. Meanwhile, Norway’s numbers plunged 88% to just 83, and France saw a 42% decline to 661, based on national data.
In France, new car registrations dropped 6.55% in January, hitting 107,157 vehicles, according to the industry group PFA. Tesla’s sales took a steeper dive, falling 42.07% to just 661 units, the data revealed. (Reuters)
Last year, Tesla introduced lower-priced versions of its Model Y and Model 3 to address concerns over an aging lineup. Competition is intensifying, especially as Chinese brands like BYD ramp up their push into Europe, offering sharper prices and new models.
Tesla’s market share in Europe dropped 27% in 2025, according to the data. The company has had a tough time regaining lost ground despite a rise in battery-electric — fully electric — car sales throughout the region.
Last week, Tesla revealed plans to spend over $20 billion on capital projects, including factories and equipment, CFO Vaibhav Taneja said, as the company pushes deeper into autonomous vehicles and humanoid robots. Scott Acheychek of REX Financial described it as “the bigger story—the business model transition now underway.” Andrew Rocco from Zacks Investment Research called the investment “necessary.” (Reuters)
Still, the Europe figures highlight a key risk: if Tesla leans more heavily on discounts to sustain volume, margins could take a hit. On top of that, softer demand would complicate funding for the company’s bigger bets, raising concerns among investors.
Regulators add an unpredictable element. The National Highway Traffic Safety Administration is investigating Tesla’s Full Self-Driving system, with a filing deadline linked to the agency’s data request set for Feb. 23, Reuters reported earlier. (Reuters)
Tesla will shift to offering Full Self-Driving (FSD) solely as a monthly subscription starting Feb. 14, moving away from the previous options of a one-time purchase or subscription in the U.S. The driver-assistance package still demands that drivers remain vigilant and ready to take control. (Reuters)
Traders will keep an eye on Tesla’s performance as the cash session kicks off this week, while also looking out for fresh European data that might back up the January downturn. The key macro moment arrives Friday with the U.S. Employment Situation report for January, set for release at 8:30 a.m. EST by the Bureau of Labor Statistics. (Bls)
