By bizn_fun 
Key events
Tesla’s sales didn’t fall everywhere last month, though.
The Norwegian market was a bright spot – Tesla’s sales in Norway rose 34.6% in November year-to-date, led by the mass market crossover Model Y.
That means Tesla has sold more cars in Norway in 2025 than any other automaker ever did in a full year, beating the country’s annual sales record with one month to spare according to the Norwegian Road Federation.
Introduction: Tesla’s European sales fall again
Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.
Sales of Tesla’s electric cars fell across Europe again last month, as the company’s annus horribilis continued.
European auto lobby ACEA is reporting this morning that Tesla registrations tumbled by 34.2% in the European Union year-on-year in November, and fell by 11.8% across the wider EU, Britain and European Free Trade Association area.
Tesla sold 12,130 cars across the EU last month, down from 18,430 in November 2024, shrinking its market share from 2.1% to 1.4%.
Tesla’s sales have fallen across Europe this month, amid a consumer backlash to Elon Musk’s political activism in the Donald Trump White House before the pair fell out.
It has also faced increased competition from rivals including China’s BYD, who had a strong November. BYD grew its sales in the EU, EFTA and UK by 221%, up from 6,568 to 21,133 units.
BYD is one of several Chinese carmakers using the transition to electric cars as an opportunity to dominate the global automotive market, backed by Beijing and regional governments.
And while Tesla struggled, the overall electric car market grew. In the first 11 months of 2025, battery-electric cars accounted for 16.9% of the EU market share, an increase from the low baseline of 13.4% in January-November 2024.
The agenda
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1.30pm GMT: US Q3 GDP report
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1.30pm GMT: US durable goods orders for October
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3pm GMT: US new home sales
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3pm GMT: US conference board survey of consumer confidence