Tesla Inc. (TSLA) Receives EV Sales Boost in Europe in September

Tesla Inc. (NASDAQ:TSLA) is one of the best stocks to buy right now, according to Nancy Pelosi. On October 1, new data emerged indicating that the electric vehicle giant could be gaining market share in Denmark. Bilstatistik.dk reports that registrations of the company’s latest cars rose by 20.45% in September, with the Model Y topping the list in new registrations.

The report also indicates that Tesla sales rose by 2.7% in France, with the revamped Model Y emerging as the best-selling car. In Norway, the US EV giant also reported a 14.7% increase in sales of the Tesla Model Y and Model 3.

Nevertheless, the automaker remains under pressure, its sales having dropped by 42.9% from January through August in the European Union. The company has been under pressure from new electric vehicles made by European and Chinese companies. However, it remains optimistic about the updated Model Y, rolled out in June, as it steadies demand and lays the groundwork for recovery.

Tesla Inc. (NASDAQ:TSLA) designs, manufactures, and sells electric vehicles (EVs), battery energy storage solutions, and solar energy generation products, with the goal of accelerating the world’s transition to sustainable energy. The company also develops and deploys artificial intelligence (AI) for advanced driver-assistance systems and robotics, and sells related software and hardware.

While we acknowledge the potential of TSLA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 12 Cheap AI Stocks to Buy Right Now and 10 Best Performing ASX Stocks in 2025.

Disclosure: None. This article is originally published at Insider Monkey.