Tesla Sees European Sales Rebound as Regulators Clear Supervised Driving

Overview

• The April ACEA data, reported Wednesday, showed Tesla’s new‑car registrations in Europe rose 46.5% year‑over‑year to 10,654 units and marked a third straight month of growth.
• Tesla announced a $250 million boost for its Berlin‑Brandenburg factory to hire more workers and increase output toward a one‑million vehicle goal after passing roughly 750,000 units produced.
• The Netherlands approved Tesla’s driver‑supervised driving software and Lithuania began roll‑out, with Dutch authorities saying they will seek broader EU permission; the feature still requires a human driver and does not deliver full autonomy.
• Chinese brands are expanding rapidly in Europe, with BYD delivering about 27,008 vehicles in April and Leapmotor reaching roughly 8,745 units, increasing competitive pressure on Tesla.
• Market response was modest with a small pre‑market stock rise and mixed analyst views; the TipRanks consensus is Hold and the average price target stands near $403.86, a level that suggests limited upside from current prices.