Summary
Tesla’s European sales dropped 45% in January, with market share falling from 1.8% to 1%.
This decline comes as CEO Elon Musk faces backlash over his political interventions, including support for Germany’s far-right AfD and ties to Donald Trump’s administration.
Tesla sales plummeted in Germany and France, and it trailed Chinese EV rival BYD in UK registrations.
Despite Tesla’s slump, Europe’s electric vehicle market grew by 34%, with Germany, Belgium, and the Netherlands posting strong gains.
I wondered if Tesla was to disappear it would be because of Chinese EV competition. I never thought it would be because Musk would reveal himself as a right wing fascist knobhead.
China is Sun Tzuing so hard right now. “Never interrupt your enemy when he is making a mistake”
I’m scared that the world is going to run out of popcorn because the Chinese are going to eat all of it.
The board: that sounds to us like time to give Elon another bonus
Seems likely.
Their stock is also plummeting pretty hard right now 👏
Waiting for Tesla to oust him as CEO for conduct contrary to the financial health of the company (read: shareholders).
🤷♂️ 🤷♂️
Considering almost the entirety of the stocks value is tied up in musk and has almost no correlation with the actual success of Tesla and they’ve literally gone out of their way to force a 56 billion pay package through for Musk, I highly doubt it.
Edit: for reference, the company is worth the next 15 car makers prices combined and probably has less sales than all of them
If you’re a federal employee with TSP:
The C fund includes Tesla, it’s very unlikely to convince the fund manager (Black Rock) to drop Tesla, but you can still move to a different fund.
There’s no doubt a sales drop due to Musk, but all their factories aren’t producing and selling their best model (Y) due to the upgrade, and people have also put off buying a Tesla knowing it was about to happen at the start of 2025.
We won’t know the true drop until that vehicle is ramped up at all the factories, which means we won’t have proper QoQ numbers until q3 or q4, but I imagine at the month level we might see comparable numbers somewhere in q3.
