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Tesla’s stock (TSLA) is down following misleading report about European ‘sales’

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Tesla’s stock (TSLA) rallied last week following comments by Ron Baron. The rally didn’t last long after rumors of a potential problem with Tesla’s suspension started to spread quickly at the end of last week.

While the rumors have been mostly shut down at this point, Tesla’s stock is having difficulty recovering and a new report about the automaker’s sales in Europe is not helping.
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Tesla Model S sales are up 350% in Sweden

tesla-model-s-in-actionAt Electrek we have been gathering registration data on the top-selling electric vehicles for a while now and although we are still sorting through all the information (and you can expect more posts about the data going forward), one thing that caught our attention is Tesla’s recent growth in Sweden.

Tesla has a presence in Sweden since late 2013, but sales in the country have been lagging until the last two quarters. From January to August 2014, Tesla delivered only 141 cars in the country, but during the same period this year, it delivered 635 Model S’s according to registration data – a 350% year over year increase to date. 
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