Elon Musk Bounces Back in Consumer Market as 'Tesla Shame' Fades: 'It's a Bit of a Double-Edged Sword'

Elon Musk bounces back in consumer market as 'Tesla shame' fades: 'It's a bit of a double-edged sword'

Tesla is on the verge of a major comeback, thanks to one unlikely ally: Norway. "In the first half of this year as Tesla sales plunged by half in Germany, Sweden, Denmark, and the Netherlands, they grew by 24% year-on-year in Norway, making the country of 5.5 million the company's second-largest European market," reported Reuters. Reuters attributed Tesla's sales plummet to the phenomenon of "Tesla shame," meaning that consumers in the electric …

Tesla Nearly Triples Market Share in Norway in August, Preliminary Data Shows

Tesla is on track for its fifth straight month of year-on-year sales growth in Norway, with Model Y registrations on track to nearly quadruple from July.