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This comes on the heels of Tesla's stock price tumbling by 36% in Q1, making it the worst quarter the company has seen since 2022.
Ford saw a 19% rise in sales at dealerships in March, while General Motors reported a 17% year-over-year bump in first quarter sales.
Svitzer was spun off from A.P. Moller-Maersk A/S about a year ago, and the shares had lost about 8% since the listing on Nasdaq Copenhagen before April 2.