Tesla Inc. (NASDAQ:TSLA), BYD Co. Ltd. (OTC:BYDDY) (OTC:BYDDF) and Geely Automobile Holdings Ltd. (OTC:GELHY) (OTC:GELYF) posted positive sales growth in the European market during April as EV sales grow in the region.

EVs Reach Almost 20% Market Share

On Wednesday, the European Automobile Manufacturers Association (ACEA) released sales data for the month of April in the European market. EV sales accounted for 978,845 vehicles sold in the market during the first four months of the year.

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The figure demonstrated a 29.1% YoY increase. In the EU alone, companies sold 746,899 EVs, capturing 19.7% of the market during the first four months of 2026.

Tesla, BYD, Geely Post Gains

Tesla sold over 9,169 units during April, a 67.2% surge over April 2025’s 5,483 units, the Elon Musk-led EV company recorded. Tesla’s Year-To-Date (YTD) sales for the first four months of the year were at 67,389 units, a 61.7% YoY increase from 2025’s 41,686 units.

The EV giant’s sales have recently recorded an uptick, with investor Ross Gerber saying that the Iran war could have prompted customers to shift to EVs amid soaring gas prices. Musk also recently hit back at critics of the company, touting the Model Y’s sales.

BYD recorded sales of 20,863 units, surging 116.6% from April 2025’s 9,633 units. The Chinese EV giant has been making gains in the European market, with YTD sales from January to April 2026 coming in at 71,863 units, nearly 153% more than 28,415 units sold during the same time last year.

Geely, in contrast, posted slight gains in April, selling 26,373 units compared to last year’s 26,267 units in April. YTD, the Chinese automaker sold 96,551 vehicles, a 0.7% growth over 2025’s 95,853 units.

Stock Performances

TSLA, over the past month, surged 14.50% on the Nasdaq. On April 27, Tesla’s stock price was around $378 per share. Fast forward a month and the current price of TSLA was close to $433 at market close on Tuesday, May 26.

Meanwhile, Hong Kong-listed shares of BYD declined 14.67% over the past month. Its current price is HK$90.45 (approximately $11.5). Geely also recorded a 14% decline in its price in the past month. Currently, Geely shares are sold for HK$19.22 (approximately $2.4) on the Hong Kong stock exchange.

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