- cross-posted to:
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- economics
- cross-posted to:
- [email protected]
- [email protected]
- economics
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.
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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.
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.
Can’t say I can blame them for not wanting to give their money to a Nazi.
Not one more Tesla should be sold in any democratic country.
There’s another factor that jumps to mind when I think of cars in France: they buy A LOT of French cars! I don’t have any statistical data, but it feels like half of the cars on their roads are French… And now that their manufacturers’ offer of EVs is starting to flesh out, they probably prefer buying “local”.
Was in France for 3 weeks on holiday and saw almost exclusively Citroën, Renault, and Peugeot. My rental car was a Renault E Tech and after driving it,I looked into importing one to the USA (sadly it’s not possible for regulatory reasons).
Renault E Tech and after driving it,I looked into importing one to the USA (sadly it’s not possible for regulatory reasons).
That’s hilarious taking into account European standards are stricter than US. US industry clearly don’t like competition.
I don’t understand how the stock is STILL so high
One of the few conspiracies I actually subscribe to is that there is no legitimate stock market anymore, it is 100% under price control. Wins and losses - such as they are - are being determined by huge banks and hedge funds using AI algorithms, dark pools and phantom shares to maintain an iron grip. I got started down this path when I read Michael Lewis’ book Flash Boys, which, like this video was made over 10 years ago.
I don’t know that there’s any sort of conspiracy, but it’s definitely true that a huge part of the market is in “dumb money” – index funds that just buy every stock weighted by market cap, and thus exert no influence on what the companies actually do.
I also suspect that because so much manufacturing is in China, what we think of as the world’s stock market is just a small fraction of anything. Does an index count if an index doesn’t measure much?
My guess is that, with Musk basically in charge of the government now, investors are expecting huge returns from corruption.
Yeah, the guy who apparently now controls the strings of the government could just click a button to have the government order 1 million Teslas.
Other than investing in the hopes of seeing returns from corruption, it doesn’t really make any sense.
They released info to shareholders last week that showed an 8% drop in year over year sales… and yet the stock went up. Maybe people expected the drop to be even higher, so the drop was already priced in?? But it just feels like there is market manipulation going on.
It’s a cult.
You couldn’t get me to drive a Tesla even if you paid me for it
Not many people want to be seen in a nazi car. Between that and twitter, the babyllionaire douche is really demonstrating his genius.
I use to want one. I was following news for them as electric cars were a bit of a hyper focus for me at the time.
My next car will very likely be full electric and there is no way I will own a Tesla now. I’m not even sure I would get one at this point if musk was no longer associated with it.
He has done everything he can to alienate the actual consumers of Tesla.
Until recently, I think I’d have given them a shot if Musk was 100% removed from the company, not by his choice. Now, Tesla is synonymous with a Nazi. That taint will last decades if they were to drop him right now, but I will never give them a penny.
Not many people want to be seen in a nazi car
Eh, people really like VW bugs, and those we’re commissioned by hitler and designed by the nazis. They’ve done a lot better at distancing themselves from their founder, though.
there is no real reason to use twitter or a tesla at this point (outside of having bought one many years ago). Unfortunately spacex does not have a good alternate and im not really sure where the solar/battery stuff fall as far as their options compared to others.
im not really sure where the solar/battery stuff fall as far as their options compared to others.
For the residential market it looks like this.
Panels - Tesla solar panels are nothing special. They use other manufacturer’s panels. They generally choose acceptable middle-of-the-road models, not the high end, not the low end.
Panel integration to homes - Telsa does have a clever part for linking into an existing home wiring panel that can be faster/cheaper that the common methods called a meter collar. However it is only certified for use in some states so far. Also, other companies are coming out with their own meter collar, but I concede that Tesla was the first to do this.
Battery - Tesla Powerwall is one of the most popular home battery options because of its large capacity relative to its price. However, there have been bad runs with some of its models with its inverter prematurely failing or running extra hot and shutting down. Overall its still considered higher quality unit and user experience. However, its not the only battery on the market. In the USA solar vendor specific batteries exist with pros and cons compared to Tesla. Enphase is one of the leaders in home solar, and they make an excellent (but expensive) battery system. Franklin also makes a vendor neutral battery that is highly regarded.
In all of these Tesla home solar products one thing that is universally agreed to is how horrible the Tesla customer service experience is. Getting a hold of a human is nearly impossible. When you do the human will frequently not follow up, and you’ll find out that human is gone and you have to go through the process again to get your issue addressed. Replacement parts can be delayed by months mean, and not infrequently the subcontractors used to install the equipment cause problems or damage to the houses where the install occurs.
I chose to skip Tesla and did not use them for any of my home solar install and I’m very glad I did.
Thanks for your thorough reply. We have solar on our home. I’d like to get a battery back up, but am a little annoyed on the price of that, and will not go
nazitesla any time in the near future.Unless you’re in California or a couple other pockets of very high time-of-use (TOU) rates, home batteries don’t make economic sense right now. However, there are more than economic reasons for some folks for home batteries: medical equipment in the home for a loved one, backup power for high outage areas, personal actions on climate concerns. None of these are good “investments” returns though for batteries.
I bought a small amount of very expensive batteries, but where I live we have true 1:1 net metering so there isn’t any economic benefit.
Enphase did some of our stuff. I’ve looked at their offerings. I’m a little miffed that I have a huge battery 77kWh on wheels even, and can’t use that more efficiently to power the house. It has V2L, but at 1800W max. Whatcha think about using that V2L to run a pump, send the water up in to a lovely medium sized water tower which I’m sure the HOA would appreciate, and generate back some electrons while I take a shower, water the garden, etc?
I’m a little miffed that I have a huge battery 77kWh on wheels even, and can’t use that more efficiently to power the house.
Is that a limitation of Enphase or your car? Enphase does have a bidirectional charger to do exactly what you’re describing if your car is compatible with it. I’m in the same situation BTW with an incompatible car.
My EV does V2L (vehicle to load), but at a miniscule 1800watts. I can use a water boiler, or an induction hob, but not both at the same time. The problem is getting the power back to the house fast enough to be useful. Thanks for the Enphase link, I’m always a bit scared when they don’t show a price. I"ll look deeper when I have a chance.
Agreed!
Are you a Sheik?
Sheik Sheik Sheik, Sheik Yerbouti!! It’s been a real long time since anyone mention the reference, cheers!
I better listen to some Zappa. It has been a long time.
Just remember, don’t eat the yellow snow.
The French (rightly) hate Nazi stuff. 🤷♂️
What ? They vote for Le Pen in droves. They love that nazi biatch.
Not a large drop enough, let’s make that 100% please
None of this matters, you know they’ll have robots in like two years and Tesla will be the company worth the most, with a value of the next five companies combined*.
*This is what Tesla investors actually believe; Musk claimed this on the last earnings call last week.
Merge Boeing into Tesla, all gov vehicles now Teslas, they already got the space program on lock, just put them the rest of the way into the military industrial complex, he’s already got access to all the treasury stuff for unlimited funds, bing bang boom, Tesla is now Stark Industires and we surround the country with the Elon Dome. 😒
Promising self driving next year since 2013
It was very nice of him to come up with a new story why people should pay this insane price for the stock. Fanboys were getting embarrassed repeating it for so many years, at least to the extend they are able to be embarrassed. But now they have something else.
It’s a good start. I do my part by pointing and laughing at every owner of the big, stupid, dangerous cybertruck…
I waited until I could get my hands on a Hyundai EV because I couldn’t stomach Musk. A buddy is currently considering a used Tesla because prices have cratered - but is factoring in the cost of several large ‘Musk Sucks’ stickers to plaster all over it.
