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.
Good. Fuck Musk! Dirty asshole.
Unwiped 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. 😝
I agree. Assholes are functional. We need em. We certainly don’t need this shitstain.
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
the dupont family is also heavily inbred too.
When are the shareholders going to sue the fuck out of him for devaluing the stock they bought?
Never. They are “true believers”
Most shareholders are index funds that replicate the SP500 or other tech indices, they don’t give a shit about beliefs and will sue if needed.
Hope you are right but I’m not holding my breath.
Their loss.
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.Most likely the profitability will come from DOGE funneling.
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.
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-BB1jhlzHIntel had their famous Tik-Tok strategy up until 2016,
It took me an unreasonable amount of time to realize what you meant
Oh sorry, I shouldn’t have assumed that everybody knows.
For others that may not know, the Tik-Tok strategy was having dual development teams to increase the pace of development. 1 team worked on making designs for new production processes. The other worked on improving that design while the next new process was being developed. The new process and design was called Tik, and the improved design on the same process was called Tok.Right, right, but wasn’t it tic-toc? Not that it matters.
E: We’re both wrong! Tick-tock. Seems obvious now.
Yeah and their battery tech is just far beyond other countries. Was the main driver in convincing me to sell off Tesla and move to BYD couple months ago.
I moved out of Tesla to BYD stocks couple months ago just based on the output and price of their cars and feeling that tariffs aren’t going to keep them out forever. Looking good so far.
why would Europeans have a problem with a guy doing a nazi salute? we may never know
iT WaS a GeStuRe
A Nazi salute is a gesture tho
Europe better be careful, they’re about to be sued if they keep up this kind of behavior
How exactly? Raising tariffs to 50%?
Who are the remaining 55% still buying swasticars?
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.
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
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.
Believe it or not, not everyone follows USA domestic news.
Reason this has gotten lot of attention is that the way US has been negatively affective international citizens. Even if someone wants to keep their head in the sand when it comes to the US it’s hard to ignore when they keep threatening tarrifs and then start threatening allies and forming bonds with their enemies.
Musk didnt learn a single thing from mismanaging twitter right into the ground. Tesla is up next. The US government after that.
He didn’t mismanage Twitter. He realized that he could spend 44B and gain control of the ruling political party of the US. He said “Twitter’s value isn’t in it’s advertising, but in the public manipulation I can do with it!”
What you described is mismanagement. Just because he benefits from it doesn’t make it good management.
I don’t know about Twitter, it gave him and his cronies a platform, and won him an election. It’s mismanaged for sure, but it got the job done.
Tesla is probably more of a blow, this doesn’t help him in any way.
he got 100bn richer, and probably is getting more from plundering the us.
I honestly think he sabotaged it on purpose. I hate to give him any credit for intelligence, but in reality he must have told some friends to short the stock before he bought it and immediately crashed its value.
Why would he learn from it, as far as I can tell it was intentional mismanagement.
Where does Musk’s money actually come from? How big part of it comes from Tesla? How much from SpaceX and how much from Starlink? What else do Musk’s companies do?
I’m just wondering: How long will he still be the richest person on Earth? And once he’s not, what will Trump think of him?
iirc most of his wealth is on paper, in the form of stock for his companies. He’s relatively cash poor
As usual with billionaires (and actually most people with a significant wealth)
And they live off of loans collateralized by stock. Musk has easy access to as much cash as he could possibly want, whenever he wants it. He’s definitely not “cash poor”.
live off of loans collateralized by stock
Definitionally cash poor.
…and Tesla is massively overgeared w.r.t. stock price relative to earnings. Companies normally have a valuation which is 5-40x their earnings. (NVDA 40x, AAPL 35x, GM 7x, Stellantis 6.5x)
Tesla is currently 138x, and they’re down nearly a third this month. They were 200x at their last earnings call I think.
Tesla is a hypestock that will crash when the AI bubble bursts and self-driving dies as a concept.
Removed by mod
Government contracts to his companies amount to more than $8 million per day currently, expect that number to grow now that Musk can decide which government functions he should privatize for his own gain. Verizon’s $2 billion dollar contract with the FAA is likely to be cancelled so Starlink can get their cut.
From insider trading and also griefing crypto bro.
He doesn’t have all that much money. But he has a lot of capital. And that can go away tomorrow. He can go from richest man to 10,000th richest man in 24hours.
Well, I think forbes is maintaining a well known list, here’s his entry, which should give you some info about the source of his wealth: https://www.forbes.com/profile/elon-musk/?list=rtb/
Who wants to drive cars of this freek?
Thanks for pushing electric cars, but we don’t need you anymore now!
Ratio’d
yay I needed this today
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).
You are welcome yanks. Now feel free to do your part. I am joking, I would expect even Chinese Tesla customers to move first.
Piss off. Weve been doing this https://electrek.co/2025/02/03/teslas-sales-drop-double-digits-in-the-us-biggest-ev-market-while-others-are-growing/
11.6% vs 45% when Americans are directly attacked by the guy and the matter is time-sensitive. If you want I can tell instead suggest American Tesla customers to endure and/or take it easy.
You’re right. I’m just mad at my country for doing fuck all. Sorry.
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.
Edit: +21.97% in 2025 so far. Probably correlates with declining Tesla sales?
Looking good? A boring etf givens you around 7% per year, getting 5% (total) over 5 years is pretty bad…
Looking good as in they’re doing fine
Underperforming the market by 30% is not looking good, or doing fine.
Which Volkswagen stock are you looking at, there are several.
Volkswagen AG (VOWI)
I dont have that one.
