Tesla Gains Market Share in France and Norway
Institutional investors and professional traders rely on The Fly to keep up-to-the-second on breaking news in the electric vehicle and clean energy space, as well as which stocks in these sectors that the best analysts on Wall Street are saying to buy and sell.From the hotly-debated high-flier Tesla, Wall Street's newest darling Rivian, traditional-stalwarts turned EV-upstarts GMand Fordto the numerous SPAC-deal makers that have come public in this red-hot space, The Fly has you covered with "Charged," a weekly recap of the top stories and expert calls in the sector.Clickto check out Tesla's recent Media Buzz Sentiment as measured by TipRanks.MARKET SHARE:In February, Tesla gained market share in France and Norway, signaling stabilization in Europe after two years of declining sales, Reuters. The automaker's registrations rose 55% in France and 32% in Norway but fell 18% in Denmark.MOVING TO THE SIDELINES:HSBC downgraded First Solarto Hold from Buy with a price target of $211, down from $280, after the company reported Q4 results below consensus and gave lower-than-expected FY26 guidance that suggests "cooling demand and operational challenges." In the short-term, upside to valuation looks limited as the firm thinks supportive U.S. policies have "largely played out," while the firm sees a long-term competition overhang from Tesla, the firm tells investors.Freedom Capital also downgraded First Solar to Hold from Buy with a price target of $250, down from $310. The company's Q4 results missed estimates, and it issued "weak" 2026 guidance, the firm tells investors in a research note. Freedom says uncertainty remains elevated in the utility-Additionally, Deutsche Bank downgraded First Solar to Hold from Buy with a price target of $245, down from $300, following "disappointing" Q4 results and a "weak" 2026 outlook. The firm notes challenging conditions in the market, tariffs impacting the movement of volumes from India to the U.S. and overall portfolio changes with the onshoring of the finishing line.SOFT GUIDANCE:Deutsche Bank downgraded Array Technologiesto Hold from Buy with a price target of $9, down from $11, following the company's Q4 report. The 2026 outlook, while including a topline in-line with the Street forecast at $1.45B, featured softer-than-expected adjusted EBITDA and a soft margin profile, the firm tells investors.RESULTS:Lucidreported Q4 losses per share of ($3.62) vs consensus of ($2.67), and said it sees 2026 production 25,000-27,000 vehicles.Following quarterly results, Cantor Fitzgerald analyst Andres Sheppard lowered the firm's price target on Lucid Group to $14 from $21, while keeping a Neutral rating on the shares. The firm cited lower production, guidance, persistent high negative gross margin, additional capital needs, a worsening macro environment, and tariff uncertainty. Cantor expects Gravity to lead sales in its FY26 delivery estimate of 23,185 vehicles delivered, with Airs to remain relatively flat year over year.DELIVERIES:Nioannounced its February 2026 delivery results. The company delivered 20,797 vehicles in February 2026, representing an increase of 57.6% year-over-year. The deliveries consisted of 15,159 vehicles from the company's premium smart electric vehicle brand Nio, 2,981 vehicles from the company's family-oriented smart electric vehicle brand ONVO, and 2,657 vehicles from the company's small smart high-end electric car brand FIREFLY. Cumulative deliveries reached 1,045,571 as of February 28, 2026.Li Autoannounced that it delivered 26,421 vehicles in February 2026. As of February 28, 2026, Li Auto's cumulative deliveries reached 1,594,304. Li Auto officially rolled out OTA update version 8.3 ahead of the Chinese Spring Festival, featuring upgrades in three areas: VLA Driver large model, smart cockpit and smart electric functionality. As of February 28, 2026, the Company had 539 retail stores in 160 cities, 548 servicing centers and Li Auto-authorized servicing shops operating in 223 cities. The Company also had 4,054 super charging stations in operation equipped with 22,447 charging stalls in China.XPeng (XEPV) announced its vehicle delivery results for February 2026. Xpeng a total of 15,256 vehicles in February. Also in February, Xpeng began global deliveries of the new Xpeng P7+, with the initial shipment bound for 18 countries.
