Shafaqna English– After two straight years of declining sales, Tesla now seems ready to reverse the trend. Its third-quarter delivery numbers, released Friday, exceeded Wall Street estimates. A rebound in Europe has offered the automaker a way to grow again, independent of US tax incentives.
The company is based in Austin, Texas. Its shares have lost roughly one-fifth of their value since the start of the year. However, in early trading on Friday, the stock climbed more than 5%, reflecting investor optimism.
In sum, the third-quarter results offer Tesla a chance to reverse its sales decline. The European market has become a crucial driver of this recovery. Still, the company must prove it can grow consistently without government incentives.
Source: Reuters