Norway No Longer Reigns as Tesla's (TSLA) Biggest European Market

September 8, 2016 10:49 AM EDT

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The U.K. is said to be Tesla's largest market in Europe having recently surpasses bellwether Norway. pointed out that Tesla registrations in the U.K. for the first-half of 2016 were 1,263 Model S units, versus 1,248 Model S units in Norway. For comparison, in the same period last year the U.K. had 349 Model S registrations, versus 2,674 for Norway.

Norway has generally been a hot market for Tesla due to its relatively high per capita income and generous EV incentives.

Shares of Tesla are down around 1.5 percent.

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