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.
ELMO will surely sue the French customer for it.
Wait for it.
Yes, that’s it. Drag the French masses into this situation. I like the cut of their gibs.
Signed, random American.
The interesting part of the story is not so much that Tesla is losing – it’s who is winning. Electric vehicles are in MASSIVE demand throughout the world. The USA has responded more or less by putting an iron curtain in place against BETTER electric vehicles produced elsewhere. Sure, our governments use some scary words around Chinese imports, but look at their cars in isolation, especially BYD. By almost any metric you can imagine, BYD products are superior. The USA is temporarily putting their head in the sand about China. However, make no mistake, in other markets where there is FAIR competition, America’s lunch is getting eaten. This cannot go on forever. Hopefully our US auto producers get their heads out of their ass and start competing instead of relying on tariffs to level the playing field. Tarriffs can make Tesla competitive domestically, but if you want to dominate the world, this is almost certainly not the way forward.
I work in tech in Germany. My coworkers and I are the ideal Tesla customers. Nobody I know would consider buying a Nazi car.
Call it a swasticar, Elmo hates it.
Stfu
What? Swasticar and elmo are your triggers?
Sorry i had a moment. But theres no point to putting so much effort into expressing hatred for tesla and i just think its kind of obnoxious. I get it but just dont buy them.
We’re not talking about disagreements over sports teams, Musk is using people’s money to scam a ton of people and influence elections by pushing extremists into government and openly break laws. He’s a malignant individual.
Just because its a serious topic doesnt mean circlejerking suddenly becomes a good use of time.
What do you think circlejerking is and why?
Tesla deserves raw, spend your whole night raging online, never buy, avert your eyes hatred.
Because they aren’t just associates with, but are an extension of, a demonstrably dangerous to billions anti-democratic greedy Nazi wannabe (which is a Nazi in common parlance).
No respect, no apathy, no acceptance of Nazis when the corpses of the last ones to barely beat them at the cost of a generation are barely cold.
That’s actually really insightful. You see hatred as primarily having an effect on the target. I see hatred as primarily having an effect on the hater.
It really is two ways of thinking.
I see a fight-or-flight response to a threat and a decision made. Stressors are a two way street and the fight choice doesn’t always or even often leave both sides unharmed.
Yes okay but i we can hold that conviction without being constant with it. If it did something positive then I wouldnt critcize it. Seems pointless.
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Are you in need of help?
Does T stand for tits?
Not many people want to be seen in a nazi car. Between that and twitter, the babyllionaire douche is really demonstrating his genius.
Not many people want to be seen in a nazi car
Eh, people really like VW bugs, and those we’re commissioned by hitler and designed by the nazis. They’ve done a lot better at distancing themselves from their founder, though.
It’s round! Like a bridge!
Agreed!
Are you a Sheik?
Sheik Sheik Sheik, Sheik Yerbouti!! It’s been a real long time since anyone mention the reference, cheers!
I better listen to some Zappa. It has been a long time.
Just remember, don’t eat the yellow snow.
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.
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
I’d say they’re more betting on his ability to convince road safety regulators to allow his automated death trap Johnnycabs onto American roads.
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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Too much glue damages the brain
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I’m sure Tesla gathers data, but pretending that a $50,000 car isn’t the actual product is pretty silly.
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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.
I don’t understand how the stock is STILL so high
One of the few conspiracies I actually subscribe to is that there is no legitimate stock market anymore, it is 100% under price control. Wins and losses - such as they are - are being determined by huge banks and hedge funds using AI algorithms, dark pools and phantom shares to maintain an iron grip. I got started down this path when I read Michael Lewis’ book Flash Boys, which, like this video was made over 10 years ago.
I don’t know that there’s any sort of conspiracy, but it’s definitely true that a huge part of the market is in “dumb money” – index funds that just buy every stock weighted by market cap, and thus exert no influence on what the companies actually do.
insert I’m doing my part.jpg
I also suspect that because so much manufacturing is in China, what we think of as the world’s stock market is just a small fraction of anything. Does an index count if an index doesn’t measure much?
They released info to shareholders last week that showed an 8% drop in year over year sales… and yet the stock went up. Maybe people expected the drop to be even higher, so the drop was already priced in?? But it just feels like there is market manipulation going on.
My guess is that, with Musk basically in charge of the government now, investors are expecting huge returns from corruption.
Yeah, the guy who apparently now controls the strings of the government could just click a button to have the government order 1 million Teslas.
Other than investing in the hopes of seeing returns from corruption, it doesn’t really make any sense.
It’s a cult.
Elon and Trump are butt-buddies.
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Looks like Elon Twittered Tesla.
Or he Xed it out.
He did not see that coming
He let that sink in.
Hop damn
The French (rightly) hate Nazi stuff. 🤷♂️
You couldn’t get me to drive a Tesla even if you paid me for it
I might be tempted to as long as the destination was “into a lake”.
Edit: as soon as I wrote that, I realized: I don’t wanna pollute a lake so nevermind.
And they haven’t even slapped a bunch of tit-for-tat tariffs on them yet.
Not one more Tesla should be sold in any democratic country.
Sadly, he’s already tapped the US Treasury like a Keg.
Whenever I see a Tesla, I immediately think of those fucking neo-Nazis and his weekly chats with the bastard Vlad.
Any day now, Elon Musk’s failures will catch up with him and then we can dance on his grave of failure.
Stupid nerd who never accomplished anything!
Couldn’t happen to a “better” man
