Tesla Sales Plunge 63% in EU’s Second-Biggest EV Market
www.bnnbloomberg.ca
Tesla Inc. registrations plummeted 63% last month in France, the European Union’s second-biggest market for battery-electric vehicles.

Summary

Tesla’s registrations in France dropped 63% in January, their lowest since August 2022, far outpacing the broader total EV sales’ 0.5% decline.

Tesla registrations across EU countries fell 13% last year, with Germany accounting for much of the decline.

Sales in Germany, Tesla’s biggest European market, also fell 41% last year due to an aging lineup, competition, and subsidy cuts.

CEO Elon Musk’s political involvement, including support for Germany’s far-right party, may be affecting demand.

  • @[email protected]English
    27•4 hours ago

    The people who buy electric vehicles are left-leaning people who believe in climate change. If I were a major Tesla shareholder I’d be howling to have Musk ejected while the company still has a chance to retain some goodwill.

    • @CleoTheWizardEnglish
      11•2 hours ago

      Why? Shareholders do not care about the health of the company so long as its stock price is high. And Teslas stock price is not based on any fundamental principle of investing.

      Their market cap, or the total value of all their shares, is currently worth more than the next 30 largest auto manufacturers COMBINED.

      Let me put it this way: Every single car sold in the United States this year could be made by Tesla and they still wouldn’t even be close to being worth what they are right now based on company fundamentals. Thats how insane this is. Shareholders of the company couldn’t be happier and yet their company is declining in sales and killing off its customer base. Absolutely insane.

      • @[email protected]English
        1•1 hour ago

        Why? Shareholders do not care about the health of the company so long as its stock price is high.

        And so long as it continues to remain high as long as they remain shareholders. Do Tesla shareholders really think Tesla is going to keep its value? Do they think that what Musk is doing as CEO is really helping enhance that value? I mean, when was the last time he actually did any work as Tesla CEO?

        • @CleoTheWizardEnglish
          1•56 minutes ago

          No they don’t think it will hold that value, yes they think that musk is helping enhance it (and I agree), no they don’t think his actions as CEO are helping their core fundamentals, and quite possibly his last actions were years ago unless you count him being at their press events as work.

          This isn’t unique to Tesla btw, they’re just the largest example. Nvidia is also right behind them.

    • @bitchkatEnglish
      1•1 hour ago

      Unfortunately his fan Bois are all nazis now. They may claim they aren’t but nazis lie.

    • @JimmycakesEnglish
      4•3 hours ago

      They already hedged their bets long ago. Only main Street is gonna be left holding this bag. Yall need to get real. The world is falling apart and people still think the rich are gonna do something.