Beat the Market With Our Free Pre-Market Newsletter Enter your email to get Benzinga's ultimate morning update: The PreMarket Activity Newsletter Tesla Inc.'s Check out the current price of TSLA stock here. What Happened: Swedish sales fell 86% YoY in July with 163 cars sold, while Denmark recorded a 52% drop in sales with 336 units sold and France saw sales drop almost 27% with 1,307 cars sold, Reuters reported on Friday. Model Y registrations fell by 88% in Sweden and 49% in Denmark during July, the report suggests. Despite the slump in Sweden and Denmark, overall car sales were up in both markets by 6% and 20% respectively. Why It Matters: The news comes as Musk had warned that the company would experience a "rough few quarters" ahead, with sales figures dwindling in multiple markets across the globe. However, Musk said the company will release an affordable, scaled-down version of the Model Y, which could help boost sales. Experts, on the other hand, have criticized the decision, saying it could lead to cannibalization. Trending Investment Opportunities