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Electric vehicle (EV) industry leader Tesla (TSLA) faces weakening demand for its vehicles in Europe, as its November registrations fell significantly from year-ago levels in several key markets, including France and Sweden. Despite the launch of a new Model Y range, the company struggles to maintain its market position on the continent. Major factors behind this market-share loss have been rising competition from new entrants and Tesla’s aging lineup.
Is it time to let go of Tesla stock now?