Tesla Registration Soars 57% In Europe; Secures 25GWh Megapack Deal
TSLA•Tesla's European vehicle registrations climbed 57% through May, driven by Germany's €3B EV incentive and a fourfold boost in Brandenburg registrations; the company also locked in a 25GWh Megapack deal with NatPower valued at $4–5B. Tesla disputed FSD involvement in a fatal Texas crash under NHTSA probe, heightening regulatory scrutiny.
1. European Registration Rebound
Tesla's European registrations jumped 57% year-on-year through May as the company capitalized on Germany's €3 billion zero-emission vehicle incentive and recorded a fourfold surge in Brandenburg sales, with Model 3 and Model Y topping EV charts across Western Europe.
2. NatPower Megapack Agreement
Tesla and NatPower signed a multiyear arrangement to deploy 25 GWh of Megapack battery storage across Italy and Britain via five initial projects, with construction costs estimated at $4–5 billion and potential program revenue exceeding $15 billion over 20 years.
3. Texas Crash Investigation
On June 19 a Tesla Model 3 veered off-road at high speed in Harris County, Texas, striking a brick residence and killing an occupant; the driver claimed an automated system was engaged, but Tesla cited vehicle data showing a 100% accelerator override and a top speed of 73 mph.
4. Regulatory Implications
The National Highway Traffic Safety Administration has opened a formal investigation and local authorities are probing the incident, intensifying scrutiny over Full Self-Driving reliability even as Tesla’s strong European demand and large-scale energy storage deals underscore its growth trajectory.
