Tesla Inc. (TSLA) Receives EV Sales Boost in Europe in September

Tesla Inc. (NASDAQ:TSLA) is one of the best stocks to buy right now, according to Nancy Pelosi. On October 1, new data emerged indicating that the electric vehicle giant could be gaining market share in Denmark. Bilstatistik.dk reports that registrations of the company’s latest cars rose by 20.45% in September, with the Model Y topping the list in new registrations.

Tesla Inc. (TSLA) Receives EV Sales Boost in Europe in September

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The report also indicates that Tesla sales rose by 2.7% in France, with the revamped Model Y emerging as the best-selling car. In Norway, the US EV giant also reported a 14.7% increase in sales of the Tesla Model Y and Model 3.

Nevertheless, the automaker remains under pressure, its sales having dropped by 42.9% from January through August in the European Union. The company has been under pressure from new electric vehicles made by European and Chinese companies. However, it remains optimistic about the updated Model Y, rolled out in June, as it steadies demand and lays the groundwork for recovery.

Tesla Inc. (NASDAQ:TSLA) designs, manufactures, and sells electric vehicles (EVs), battery energy storage solutions, and solar energy generation products, with the goal of accelerating the world’s transition to sustainable energy. The company also develops and deploys artificial intelligence (AI) for advanced driver-assistance systems and robotics, and sells related software and hardware.

While we acknowledge the potential of Tesla Inc. (NASDAQ:TSLA) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TSLA and that has 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.