Norway has come up to be the biggest electric vehicle market in Europe and Tesla has declared a major achievement in the country. The yearly sales of Tesla Model Y has exceeded all the other sales of the vehicles as it sold 3738 Model Y in the country.
The year has still not ended and Tesla has already sold enough cars of the Model Y to break the record of the previous annual sales which was set by Volkswagen Beetle in the year 1969. The automobile company has been seeing lesser sales in the other countries though apart from Norway. The dominant position of the company in the international markets is now a lot more futile than it ever was with Elon Musk apparently busy with his twitter obsession. The customers have been treated with many discounts in the locations where the EV manufacturer has been losing its base and the stocks were piling up. Tesla has also been telling its staff that there might be some hiring freeze or layoffs in the coming year and therefore this problem is going to go beyond sales. This is going to be concerning because Tesla is facing difficulty in ramping its production up at the Berlin and Giga Texas plants.
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There is a new production line for the Cybertruck which is being constructed in the city of Austin by Tesla which is now also producing Semis. There is a realistic chance that it is going to do so without adding anymore people but without them Tesla is going to not be able to implement all the modifications which it has planned.
Tesla shares have been at their worst in the last year and it is time for them to figure something out but Norway does become a shot in their arm now.