Tesla Is Flying in Europe, and We Aren't Talking About the Roadster -- 1 Big Concern Remains

Impact · against what's priced in

Record European registrations provide a minor tailwind to Tesla's automotive revenue, but this strength is largely a recovery play within a business the market already views as contracting. The news does not address the critical FSD v15 or robotaxi catalysts that currently drive the stock's valuation gaps.

TSLA+0.10

Already priced in

The price assumes

The current, contracting automotive business, which delivers 73% of revenue but is shrinking at 9.8% annually.

While record September registrations of over 66,035 vehicles in Europe suggest regional strength, the market already accounts for a shrinking automotive core; these gains are incremental and do not reverse the broader trend of contracting global automotive revenue.

What TSLA's price assumes · Aug 25

• TSLA
• automotive
• electric vehicles
• europe
• ev
• sales data
• vehicle registrations

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