Summary
Tesla’s registrations in France dropped 63% in January, their lowest since August 2022, far outpacing the broader total EV sales’ 0.5% decline.
Tesla registrations across EU countries fell 13% last year, with Germany accounting for much of the decline.
Sales in Germany, Tesla’s biggest European market, also fell 41% last year due to an aging lineup, competition, and subsidy cuts.
CEO Elon Musk’s political involvement, including support for Germany’s far-right party, may be affecting demand.
Not many people want to be seen in a nazi car. Between that and twitter, the babyllionaire douche is really demonstrating his genius.
I use to want one. I was following news for them as electric cars were a bit of a hyper focus for me at the time.
My next car will very likely be full electric and there is no way I will own a Tesla now. I’m not even sure I would get one at this point if musk was no longer associated with it.
He has done everything he can to alienate the actual consumers of Tesla.
Until recently, I think I’d have given them a shot if Musk was 100% removed from the company, not by his choice. Now, Tesla is synonymous with a Nazi. That taint will last decades if they were to drop him right now, but I will never give them a penny.
I work in tech in Germany. My coworkers and I are the ideal Tesla customers. Nobody I know would consider buying a Nazi car.
The people who buy electric vehicles are left-leaning people who believe in climate change. If I were a major Tesla shareholder I’d be howling to have Musk ejected while the company still has a chance to retain some goodwill.
Why? Shareholders do not care about the health of the company so long as its stock price is high. And Teslas stock price is not based on any fundamental principle of investing.
Their market cap, or the total value of all their shares, is currently worth more than the next 30 largest auto manufacturers COMBINED.
Let me put it this way: Every single car sold in the United States this year could be made by Tesla and they still wouldn’t even be close to being worth what they are right now based on company fundamentals. Thats how insane this is. Shareholders of the company couldn’t be happier and yet their company is declining in sales and killing off its customer base. Absolutely insane.
Why? Shareholders do not care about the health of the company so long as its stock price is high.
And so long as it continues to remain high as long as they remain shareholders. Do Tesla shareholders really think Tesla is going to keep its value? Do they think that what Musk is doing as CEO is really helping enhance that value? I mean, when was the last time he actually did any work as Tesla CEO?
No they don’t think it will hold that value, yes they think that musk is helping enhance it (and I agree), no they don’t think his actions as CEO are helping their core fundamentals, and quite possibly his last actions were years ago unless you count him being at their press events as work.
This isn’t unique to Tesla btw, they’re just the largest example. Nvidia is also right behind them.
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That’s an interesting take. Doesn’t make much sense, but it’s interesting.
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People are still betting big on Tesla’s self driving and other technological advances.
Value of a stock isn’t just the current market success, but also perceived future value.
That said, Tesla is overvalued for sure.
I think that type of speculation is acceptable usually but their self driving tech hasn’t significantly improved in a while and has been out for years, so those expectations should be mostly priced in by now.
You add that to their falling sales figures and the fact that they spent crazy money developing cyber truck and have had multiple recalls on it already, the stock is completely out to lunch. Usually they’re somewhat in touch with reality. Like Apple is a bit out to lunch but its movement is still news-based somewhat. Not the case with Tesla, they’re not out to lunch they’re out till next year in Tahiti
They already hedged their bets long ago. Only main Street is gonna be left holding this bag. Yall need to get real. The world is falling apart and people still think the rich are gonna do something.
I don’t think you understand what “hedging their bets” means.
It means they invested a few of their spare billions into opposing technology and companies while you sit at home deciding if you are buying eggs or milk this week.
You dropped this 🤡
So, they’re not Tesla shareholders?
Unfortunately his fan Bois are all nazis now. They may claim they aren’t but nazis lie.
There’s a difference between “elon fan bois” and the various shareholders in Tesla and potential electric car buyers.
I’m specifically talking about fan bois that currently own Tesla. I am amazed at the number of fellow owners that say they will still by Tesla. Lots of them own stock and think as long as share price goes up, that nothing is wrong.
Looks like Elon Twittered Tesla.
Hop damn
Whenever I see a Tesla, I immediately think of those fucking neo-Nazis and his weekly chats with the bastard Vlad.
Sadly, he’s already tapped the US Treasury like a Keg.
I feel like no matter what animal people use to insult a human, the human is usually worse than the actual animal. Even with snakes. Muskrats are sweethearts, they just swim around ponds and tag along with beavers.
Snakes, rats, sharks, and pigs. These are all beautiful animals, but describe terrible humans. These animals don’t deserve the association. I agree with you, and maybe we should stick to double-crossers, snitches, shysters, and cops or find other catchy names that work.
He’s not worth the wasted filament…
This has nothing to do with Musk.
