Summary
Tesla’s European sales plunged 45% in January, while the EV market grew 37%, with rivals like Volkswagen and Renault gaining ground.
Production changes for the Model Y is claimed to contribute to lower sales, but Elon Musk’s political controversies also sparked backlash.
Musk’s support for far-right parties and attacks on European leaders have made him unpopular, as polls show negative perceptions in Germany and the UK.
Tesla’s struggles come as European automakers face stricter emissions targets, increasing competition in the region’s growing EV market.
Musk didnt learn a single thing from mismanaging twitter right into the ground. Tesla is up next. The US government after that.
Who wants to drive cars of this freek?
Thanks for pushing electric cars, but we don’t need you anymore now!
Europe better be careful, they’re about to be sued if they keep up this kind of behavior
I should go check my Volkswagen stocks.
EDIT: They’re down -25% total, a huge improvement!
Last 5 years +4.92%
Last 1 year +7.09%
Last 6 months +7.09%
Last 1 month +7.09% (no I’m not mixing up numbers these are actual numbers, its the same number thrice)
Last 5d +6.46%
Last 1d +0.93%
Looking good, seems like you chose an unfortunate moment to invest.
Good. Fuck Musk! Dirty asshole.
Please; show some respect to assholes. What we have here is a clearly unelected unrepresentative uniformly unqualified nazi turd; or, a cuuuunt if you will. 😝
Unwiped asshole
yay I needed this today
Yeah, I wouldn’t buy house paint for Hennrich Himler and I wouldn’t buy baby clothes from chairman Mao… definitely not buying stuff from Musk.
Well iif you’re picky stay away from DuPont then. They provided Nazis with information and material during the second world way, all the way up until the Nazis took their assets in Germany.
Ok but. That’s not all you know?? Forever chemicals are directly attributable to DuPont as well, and they KNEW it too. I’m sure there are more skeletons in THAT particular closet.
TIME - Companies Knew the Dangers of PFAS ‘Forever Chemicals’—and Kept Them Secret
Remember when Musk called Bill Gates “categorically insane” for shorting Tesla? I think I can guess who will be laughing in the end.
Who are the remaining 55% still buying swasticars?
Yeah right, only? I mean it’s not a good decision politically, but also no longer economically sound, you might want to sell it down the road, to whom, and for what price?
Sell it? Isn’t there an contract you have to sign (at least for the cuck truck) that prohibits you from selling it for some number of years?
The cuck truck is not road legal anywhere in Europe AFAIK
That’s just the truckkk, and iirc it’s only for one year
Those are preliminary numbers. They’ll do everything they can to hide the real numbers too. I wouldn’t be surprised if the real sales numbers are already down 80 percent.
People who don’t know or care, I hope it ends up being like 5-10% of their normal sale forcing them to only have a single store in each country.
And with the way they fall to pieces, it will be a curiosity in 10-15 years.
I’ve been saying this for years, Tesla will not remain #1 on electric cars once they become mainstream.
Tesla has declining sales in ALL major markets, and they have only half the profitability of the average for the industry!!
Tesla is not a competitive brand anymore, and unless something is done, Tesla will be gone in 10-20 years.This is not just because of Musk, it’s also because the alternatives are getting better than Tesla now. Musk is absolutely accelerating the decline of Tesla, both by making stupid decisions for Tesla, and by being an unpopular figure.
But Tesla is not developing at the same cadence as other makers, 5 years to make an updated model Y is a very slow development cadence, the average is about 3 years, and currently in China for EV it’s allegedly half that!!
For a new type of car, where developments are constant on better technologies like batteries, 5 years is horrendously slow, and cutting prices hard kind of makes it worse, devaluing the entire fleet of existing cars.
Something Musk also promised wouldn’t happen, as he claims a Tesla holds value better than any other brand, which is now obviously false.Not uh bro, just give them another 5 years and their build quality will improve…
It’s almost like manufacturing vehicles takes skilled labor or something. I’ll be happy when their valuation finally reflects something approaching realistic numbers. Just comparing simple metrics like employee retention should have been enough to tip off investors that Tesla was massively overvalued.
I mean there’s a reason the other major manufacturers haven’t killed off unions completely. You can’t just keep replacing your entire workforce every couple years and expect any kind of quality control.
Most likely the profitability will come from DOGE funneling.
China updates car models every 1.5 years? That’s kinda cool.
Yes, and this is a very important factor if you want to get or stay ahead.
Intel had their famous Tik-Tok strategy up until 2016, and when that broke, Intel broke.
Nvidia had a similar strategy churning originally out new GPU models at twice the speed of competitors. And Nvidia is now the most successful chip making company ever.This article is a bit more modest than twice the speed, stating only 30% faster development cycle in China, but there is no doubt the Chinese market is extremely competitive:
https://www.msn.com/en-us/money/companies/how-china-is-churning-out-evs-faster-than-everyone-else/ar-BB1jhlzH
Ratio’d
I still don’t get how is Telsa 20 times bigger than Toyota.
It’s great thanks to Musk, Telsa could become a viable auto maker which in the current industrial context is already amazing, especially with production in place with expensive labour (Which is a great thing too)
However, it’s not like other auto manufacturer would disappear from the market and it seems easier to add an electric system over an existing basis than to build a new car from scratch, let alone Chinese trying to enter the global market (and BYD is growing quickly in Europe) and Indian which will do the same at the point.
So not really a surprise that Tesla sales start to drop, especially when adding that nazi did good car isn’t a reason to support nazi
Tesla is currently four times as big as Toyota by market capitalization.
…But that number is total BS, just gambler’s hype, it doesn’t actually represent how “big” a company is. Like, I’m more “pro investment” than most of Lemmy and subscribe to the Buffet ideology that stocks aren’t a total gamble, but Tesla’s stock price has been untethered from reality for years. The idea that they would somehow take over the entire auto market (as the price suggests) makes zero sense.
Yeap, a lot of people confuse market capitalization with market share. The two should be somewhat intrinsically tethered in some way, but a lot of investing nowadays is purely speculation based on marketing (aka lying).
Cool.
Unfortunately I believe that he does not give a shit.
That is fucking wild!
American Speedrun to the ground.
