Summary
Tesla faces a second consecutive year of sales decline after a 13% drop in Q1 2024 deliveries, the steepest in nearly three years.
CEO Elon Musk’s alignment with Donald Trump and far-right politics has damaged Tesla’s brand, triggering global protests and vandalism.
Analysts attribute the sales slide primarily to reputational harm, compounded by aging models and fierce competition from BYD and others.
Deutsche Bank forecasts a 5% sales dip this year. Musk’s political role has fueled calls for boycotts, with concerns that prolonged involvement could cause lasting brand damage.
Their brand is forever broken. Even if musk 180d here I’ll never touch tesla again. This is coming from an S owner. If I didn’t own the car already you bet your ass if I need to replace it I’ll not even look at a tesla ever again.
Even if musk stepped down from tesla and got out of politics.
Tesla is forever musk, like bill gates and Microsoft.Could always get back at that asshat by donating your Tesla to PBS or NPR (assuming of course you could afford it).
I’m one-and-done with my Model Y. I got it shortly after the Y was released in part because I felt it was a decent EV for the price at the time, and in part because their Supercharger network is a nice option to have (and I’ve used it a fair amount).
Even if Musk wasn’t such a public buffoon and acted more like other auto industry CEO’s I wouldn’t buy another Tesla either. The vision-only system sucks not only in inclement weather, but bright sunny conditions as well. It’s also terrible at detecting rain for auto-wipers, oncoming cars for auto high beams, etc. The build quality of the cyber trucks is sketchy. They haven’t made any significant design changes in years, other than maybe replacing the steering wheel with a yoke (and I refuse to even ride in a car with one). They seem too proud of creating things like “fart mode” and holiday light/music shows instead of something actually useful like improved speech recognition & more robust voice commands (“tune radio to wxyz”???) and on and on…
The way I see it, when it’s time to replace my Model Y there will be plenty of other competitive EV choices from big automakers like Honda, Toyota, etc. as well as newer ones like Rivian. And now that the Tesla charger has become an SAE standard and non-Teslas can charge at Superchargers there’s even less incentive to stick with a Tesla EV.
The charger network was the only thing to get me to consider tesla. All of their cars ive ridden in have felt like first generation Hyundai rattle traps. Now, Hyundai has figured their shit out and makes a damn fine car now. Tesla, not so much.
I’m kind of surprised that all the institutional investors haven’t bailed already. It doesn’t take much to look at the fundamentals of Tesla and realize it’s all smoke and mirrors. The emperor has no clothes and the stock is 10 times more expensive than it should be.
I’d like to call you out for overexaggerating on the stock 10x more expensive than it should be, but if anything you might have understated it… The extreme amount this stock is overvalued is absolutely bonkers. I believe once it drops below $200 the whole house comes falling down.
If Tesla fires Musk and Musk divests his stock and interests in the company, I’ll buy a Tesla immediately. (This offer is for a limited time.)
You must be in USA, where Tesla is protected behind trade barriers. Because in the rest of the world, Tesla is not that competitive anymore.
If you want straight up competition VW group has better cars and a wider range (VW, Audi, Skoda, Cupra and Porsche). Renault also has some good options, and If you want even better than that, we have BMW and Mercedes. But they are also more expensive.
If you want good range but cheap, we have decent Chinese options like BYD, MG, NIO, Xpeng despite the 17% tariff.
But also Nissan and Toyota have good options, and Volvo and Polestar. And Mazda just announced their e6.
Even Stelantis seems to be making a slightly better effort now, With Opel, Peugeot, Citroen and FIAT.None of the above cars will do phantom brakes, or cut your fingers off on the trunk. or lock you in if the car catches fire. Or have a 30% failure rate at the first mandatory safety check. Not even the Chinese are that bad!
Here (EU) there is absolutely no reason to buy a Tesler, except if you only heard 10 years ago they were good, and haven’t had any updates since.
Oh BTW even USA had a decent competitor with the Ford Mustang. But I guess that’s over now, and I’d really hate to have to buy an EV in USA now.
There are basically two reasonably priced sedans here, with the Ionic 6 being the other. I guess there’s the Porsche Taycan.
Oh boy I completely forgot Hyundai and KIA?!
I’m not so fond of the instrumentation of the Ionic though, it’s too much like Tesla, lacking buttons and relying on using the screen.KIA doesn’t make EV sedans.
I know, I just forgot to mention them in my list of available options here that compete with Tesla.
I did look at the BYD Han, but besides not being available here, it certainly isn’t cheaper on price.
Ideally I’d like something that does Vehicle to Home charging through the normal charge port. (Not outlets.)
I wouldn’t even then. There are so many better options now, in both design and build quality.
Yet despite the whole market absolutely tanking, Tesla stays stable.
I wonder if it’s all rigged. /s
In my mind, MAGAvans are forever tarnished unless they oust Musk (and soon).
People should get it in their mind to never buy Tesla vehicles for the rest of their lives
A 5%decline is optimistic, DB
Tesla will keep crumbling.
:)
