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.
When are the shareholders going to sue the fuck out of him for devaluing the stock they bought?
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
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.
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.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.
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.
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.
Europe better be careful, they’re about to be sued if they keep up this kind of behavior
Who are the remaining 55% still buying swasticars?
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?
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!
That’s really unfortunate
Unfortunately I believe that he does not give a shit.
That is fucking wild!
American Speedrun to the ground.
