
Tesla, Inc. (NASDAQ: TSLA) shares are trading lower Thursday amid overall market weakness. It was also reported that the company’s August European Union new car registrations fell.
What To Know: According to Reuters, Tesla's new car registrations in the European Union fell 36.6% in August, cutting its market share to 1.2% from 2% a year earlier. Rival BYD extended its lead, outselling Tesla in the EU for the second consecutive month as its registrations surged 201.3% year-over-year to 1.3% of the market.