Summary
Tesla’s sales in Europe collapsed in April, plunging over 50% in several countries despite an overall 23.9% rise in EU EV sales.
Sweden saw an 81% drop, the Netherlands 73.8%, and France 59%.
The refreshed Model Y failed to revive interest as buyers turned to alternatives, citing CEO Elon Musk’s controversies or superior competitors.
Tesla’s Q1 EU market share fell from 2.4% to 1.3%. Including the UK and EFTA, sales dropped 37.3%. Globally, 2024 was Tesla’s worst delivery year in two years, raising doubts about a near-term recovery.
Good. Destroy it!
Burn baby burn
Can’t pretend I’d be sad to see them crash out completely, although it does make me feel a little uneasy for repairability of existing Teslas.
Nazi or no nazi, it isn’t gonna be good for the planet to have a whole bunch of cars deemed irrepairable, although my guess is a buy out would stop that happening.
When the inevitable revolution is complete, Tesla needs to be socialized! People should really start talking about this and aiming for it seriously as a an end goal.
Tesla is manufactured locally and they’ve been heavily investing in building factories while all the other car makers went out. This is one of the things Tesla did right and why Elon was well loved by liberals, before he went all out as a Nazi.
And look the last thing I want to do right now is defend Elon’s anything, and the Chinese EVs have really caught up, but Teslas are great EVs that are reliable but will be on the road and need service for decades to come.
Socialize and nationalize Tesla, it was built by the most talented American engineers and hard workers all for the profit of one Nazi and his family, let’s fix that last bit.
Socialize Tesla. Take it back from the Nazi enemy of the state, give it back to the people who built it.
It’s a completely overvalued company. Other car companies have a much higher production rate, sell more cars, at a much better quality, and have more market share, yet don’t “enjoy” the same kind of market valuation. In Germany, Teslas are on par with Dacia in terms of production quality, yet Dacia sells cars at a fraction of the cost of Tesla. In other words, it’s a bubble. One way or another, it will burst, and if it takes the nazi boss in charge down with it, even better.
They need to calm down with that title. It’s only been a few months. Unfortunately people forget way too easily.
I suspect Americans may forget, but maybe not Europeans given that him and Trump insulted their national pride. Same with Canadians.
I do hope Americans never forgive and never forget on this one.
What baffles is how completely overbought the stock is and how it refuses to collapse. There must be some big whales propping him up.
Europeans will forget.
Even if they do, Tesla is being unseated as the “default” electric car in the consumer mind, which will persist even if they forget why.
The only reason they may never come back is just how good BYD alternative models are. Tesla doesn’t have the edge anymore, and it was coasting on brand loyalty and reputation.
Well, that reputation is a Seig Heil now.
On the flip side, titles line this will help people to not forget.
There’s a pretty decent chance of major government action to support the company can be bought. Shit, musk may help build a very expensive situation for himself.
If it lost 90% of its value, it’d still be overvalued
I don’t understand why their stock is still 51% higher than it was one year ago.
It went down significantly since the beginning of the year (~-25%) but less that it went high after November election (~+100%).
Because Tesla is a meme stock.
It’s price has always been completely decoupled from the number cars they sell, and depends on musk constantly lying and promising fully working humanoid robots and self driving taxis by next year.
It’s going to fluctuate a lot on it’s way down.
The people who bought it for a high price will also buy at lower prices to get a better average in total. These kinds purchases will increase the price for no other reason and self fulfill the option to sell the total at a slightly higher average than rock bottom. It’s a (risky) way to cut the losses. Many people are probably still holding on to the overpriced stocks. With these things combined, existing investors can maintain an artificial high price. However, unless new investors start buying, it’ll slowly but steadily lose value over time as existing investors manage to seep out.
Because Tesla stock is essentially a meme stock and always has been. It’s not based on the actual boring making of cars, but rather the strength of musk’s bullshit powered reality distortion field.
There’s always some vaporware next big thing that he pitches, but never actually delivers on which is used to justify their ridiculous valuation.
What baffles me is that conservatives usually don’t believe in global warming and don’t care about the environment so they are less likely to purchase an EV. So why is Musk courting them? Presumably he did a lot of damage to the brand. And it doesn’t help either that the Cyberpunk is one giant flop, similar to Fiat Multipla.
Musk was courting democrats until he fell out with them over labour rights. I think his “republican phase” started due to pushing for less workers rights in the US, so that he can make cheaper cars.
That was obviously a long time ago, before X and DOGE, he’s clearly in a delusional hate bubble at this point and expecting rationally explainable actions is unfortunately too big an ask.
Honestly hoping conservatives start buying EVs en mass to own the libs.
I think that was his strategy too, but he went way overboard – full nazi even. I think he also took too many drugs and lost control.
Most cannot afford them.
Lol yeah for real, there’s a chance Elon will finally do some good again by getting conservatives to buy EVs. Then maybe go to jail too.
hes hoping to get into the AI space like thiel with palintir, ive said it he largely abandoned “TESLA” already
Fucking wonderful!!!
More of this please!!
“Drive” the value of the Swastikar into the fucking ground.
🤡 😂 🖕 🖕
Tesla is the poster child of companies that feel the wrath of people who oppose fascism. But this needs to happen to all the companies that kowtow to Trump and his regime, and there’s a whole litany of them.
You can use this site to identify businesses that are 100% MAGA. It was made to help MAGA know where to shop, but it can tell rational people where not to shop.
Or simply for the rest of the world, boycott US products.
Tesla death spiral! Now do Elon!
To quote an old car show: Oh no! Anyway.
He got what he deserved.
Take it to Zero. This company has to go.
The SuperCharger network needs to be spun off into its own company. It’s one of the few positive things to come out of the company, especially now that the Tesla NACS plug/socket has become the SAE J3400 open standard and most EV manufacturers have announced support for it. It’s the only international EV fast charging network that can be seen as comparable to similar gas/petrol chains.
Their battery storage division that manufactures PowerWalls, MegaPacks, etc. should also be saved (perhaps spun off as well). Those are good quality home & grid-scale battery solutions.
Their cars, vaporware solar products, robots, etc. all deserve to go the way of the dodo as quickly as possible.
Anything that would see Muskrat profit should be boycotted and discarded.
A few more quarters of this, and the Tesla hype value will surely die.
It is simply impossible for me to view the Tesla icon without it morphing into a swastika. Even if Elon and every board member is removed and all of their shares taken with no payout I would still never buy from them. The brand is irreversibly damaged.
