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BUSINESS / STOCK & DELIVERIESItaly registered 8,122 battery-electric cars in October, 6.1% of the market. BYD's Dolphin Surf was the top-selling EV with 632 registrations. Tesla's Model Y had 335 and the Model 3 had 162.
October was a thin month for Tesla in Italy. According to Everyeye Auto and NewsAuto, the Model Y registered 335 units and the Model 3 registered 162.
Everyeye's headline calls October a lean month for Tesla, while BYD and Leapmotor did well. Italy's 6.1% EV share is still well below the levels in Northern Europe.
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Ireland registered 1,092 new battery-electric cars in October, up 55% from 706 a year earlier, according to SIMI data. That was 27.74% of the market. Volkswagen's ID.4 was the top EV, and October's top car overall. Tesla's Model Y was second and Model 3 fourth among EVs.
Battery-electric cars made up 30.3% of new registrations in Portugal from January to October. Tesla was the leading EV brand with 9,673 registrations, up 62.5%. BMW had 5,552 and Mercedes-Benz 4,424.
UBS analyst Joseph Spak upgraded Rivian to Buy on Nov. 2 and set a $17 price target, which implies about 40% upside. He cited demand for the R2 and Rivian's margin outlook. Jefferies upgraded the stock last week.
