Registrations of new Tesla cars in Sweden dropped by 84% in August compared to last year, totaling only 210 vehicles, according to Mobility Sweden.

Just a year ago, the company reported significantly higher figures, but the current result has become one of the weakest for the electric car manufacturer in the Scandinavian market.

The sharp decline in customer interest coincided with a 3.5% drop in Tesla shares during the day. Analysts believe the slump is linked both to stronger competition and to weakening demand for electric vehicles in the region.

Thus, August confirmed that even in countries with traditionally high interest in electric cars, Tesla faces serious challenges and risks in maintaining its market share.