Europeans still aren’t buying Teslas with figures out Wednesday showing sales plunged for a fifth month in a row in May, a blow to investors who had hoped anger toward Elon Musk would have faded by now.
Tesla sales fell 28% last month in 30 European countries even as the overall market for electric vehicles expanded sharply, according to the European Automobile Manufacturers’ Association. The poor showing comes after Tesla’s billionaire CEO had promised a “major rebound” was coming last month, adding to a recent buying frenzy among investors.
They were selling on Wednesday, pushing the prices down more than 4% in early afternoon trading.
If you want EVs to be a thing, China has won the round on this one.
Sad but true
And still “Top Managers” wonder why…
good. please don’t stop until he’s destitute.
Never understood the appeal of Teslas. I tried one once and the finishes are truly the worst I’ve ever seen in a car. Inside the vehicle, it’s really Dacia tier
It’s like with Apple and their overpriced stuff… Well marketet and a rich posterboy.
And then there is Norway pushing the numbers🥲
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And their stock is still too damn high!
that stock price is not rooted in anything real (and hasn’t for a long time). I can’t wait until that bubble bursts with a bang i can hear from Europe.
At this point if a person buys teslas they are either a Nazi or ignorant and neither is good.
Ignorant, e.g. the “I didn’t know” crowd 1 mile downwind of the concentration camp.
I read Musk fired the Tesla manager for Europe and North America over the low sales, as if those weren’t a direct result of Musk’s own actions. Like there is only one person responsible for pushing the stupid cybertruck and for associating the brand with fascism.
Don’t you know that he’s a genius and none of what he says or does can have any bad consequence? If it’s not because of him, it must be because of someone else. Oh, BTW: he also fired a manager in Tesla who voiced against him damaging the brand name.
None of these people know anything about anything. Only Elon knows!!
I’ll be happy when there’s nothing to report because there are no more sales.
Let’s hope they drop even further 🙏
Oh no how unfortunate.
Anyways…
Even MAGAs are embarrassed to drive one of his Nazi mobiles
who had hoped anger toward Elon Musk would have faded by now
Even fucking goldfish remember what he’s done. He has irreversibly associated Nazism with Tesla at the same time that cheaper and better electric vehicles are coming out of China. The only way is down and that’s not going to change until he is no longer part of Tesla and a lot of time has passed.
There is precedent for a car brand started by a Nazi successfully shaking that image eventually
Over what sort of timeframe?
Couple months? Couple years? Couple decades?Dunno, wasn’t born yet 🤷
From the wiki, and I’m simplifying:
VW was handed over to the German government after being offered free-of-charge to Ford in 1948 by the British government (who ran the factory up till then).
In 1946 the produced 1000 cars per month. In 1949, 2 cars were sold in the US.
In 1952, 12 VWs were sold in Canada.
In 1955 they produced over 1 million Beetles.So 3 years on life support being ran by the British. Dunno how long being run by the German government before becoming GmbH.
The German government sold 60% of the company in 1960. So another 12 years.
And at these times, they could claim “Nazism is dead”. The issue with Musk and Tesla is nazis are not going anywhere anytime soon. Maybe they should hire VW’s CEO, actually. He managed to get the brand past the diesel-gate.
The issue with Musk is the very clear meddling in EU politics first, second his insane behavior and third, his Nazi salute.
If he kept in his lane and just kept his MAGA insanity stateside the Fallout would be a lot less worse.
But the moment he entered the EU political scene he murdered his brandS in the EU.
they will never recover. The damage was done at the worst time possible, when kia, Hyundai andthe entire German automobile industry went all out with EVs and China (byd) entered the EU EV market.
Tesla is done.
SELL. don’t HODL.
So, we should be sending people to prison? Cause that’s what happened to people involved in dieselgate. Along with the affected cars being recalled and the owners compensated.
I doubt Elon will go to jail for being an asshole. Tesla may get in troubles for the promises of unsupervised FSD, but that’s not the issue here.
I was more thinking about the brand’s reputation recovery.
Yeah, that actually might work
Of course, Elon would have to be rid of his Tesla shares also
Even fucking goldfish remember what he’s done.
Eve if he suddenly no longer had influence over Tesla, he’s ruined their reputation enough that others have had time to catch up and make better vehicles.
Could I have a list of these “investors?” Because they sound like fools who deserve to be tricked out of their money.
Just look up the Musk followers on Xitter.
Let’s keep it going, I wanna get paid for getting a Tesla.
Unless he steps down as CEO and sells all his shares I don’t see a Tesla redemption arc in Europe anytime soon.
Even then it’s a shitty company, cause look how long they’ve tolerated him for.
And if he does step down as CEO and sell his shares, the stock will tank anyhow. The only reason it’s currently about 100x over its realistic value is that people bought into the idea that Elon was this genius who was going to… well who knows. Nothing he could have done would have justified that valuation.
That would also tank the stock price though.
Sooner or later, the stock price will tank. It’s actually quite something that it is still that high, if anyone needed anymore proof that stock investors are not smarter than average Joe.
But Tesla sales are crashing worldwide, not just because of the brand, but because competition has caught up and is now getting ahead. Robo-taxis are going to compete with players that are years ahead on self-driving and safety concerns are going to force Tesla to trim down their price (assuming they manage to no longer need their “safety monitors”, in which cas they will just not happen).
Humanoid robots are a tool that needs to find a use justifying its price (and there again, we might see competition from China…).
What’s left??
Short term yes but I think they could quickly recover beyond where they are now if Tesla managed to keep some good press coming.
I think Tesla is finished. I would never buy one simply because all of the investors are Nazi-friendly, or they would have sold their stock or shit Musk right out of the company by now. My grudge is with Musk, the employees, and every shareholder. Decent people sold their Teslas after the double Sieg Heil. I can’t wait for Tesla to liquidate.
