Tesla's new car registrations increased in Sweden, Norway, and Denmark in October

In October, Tesla (TSLA.US) saw an increase in new car registrations across several Nordic markets, continuing the American electric vehicle manufacturer's sales recovery momentum in the region. According to data from Swedish automotive industry organization "Mobility Sweden," Norway's data agency OFV, and Danish vehicle data platform bilstatistik.dk, Tesla's registrations surged by 248% in Sweden, grew 131% in Norway, and increased 34% in Denmark. This rebound was driven by a low comparison base from the same period last year, rising fuel prices, government incentives, and continuously growing demand for electric vehicles. Registration data from Europe's two largest car markets, the UK and Germany, are expected to be released later this week. In October, Tesla stated that its passenger vehicle order backlog at the end of the third quarter had reached its highest level in four years.