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.
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?
Looks like Elon Twittered Tesla.
Hop damn
Or he Xed it out.
Whenever I see a Tesla, I immediately think of those fucking neo-Nazis and his weekly chats with the bastard Vlad.
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.
That sounds like a bubble that needs a pin 📌
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.
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?
Not one more Tesla should be sold in any democratic country.
Can’t say I can blame them for not wanting to give their money to a Nazi.
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.
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.
Elon and Trump are butt-buddies.
It’s a cult.
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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.
He’s not worth the wasted filament…
what if we created it from grinding up tesla bumpbers
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.
There’s another factor that jumps to mind when I think of cars in France: they buy A LOT of French cars! I don’t have any statistical data, but it feels like half of the cars on their roads are French… And now that their manufacturers’ offer of EVs is starting to flesh out, they probably prefer buying “local”.
As far as I know, Renault sales is ramping up.
I mean, have you seen the new R5? Sexy!
Was in France for 3 weeks on holiday and saw almost exclusively Citroën, Renault, and Peugeot. My rental car was a Renault E Tech and after driving it,I looked into importing one to the USA (sadly it’s not possible for regulatory reasons).
Renault E Tech and after driving it,I looked into importing one to the USA (sadly it’s not possible for regulatory reasons).
That’s hilarious taking into account European standards are stricter than US. US industry clearly don’t like competition.
French cars are banned in the USA (also we use CCS1, moving to NACS, while y’all use CCS2 everywhere), but we have Volvo, Pollstar, and German brands everywhere. I wanted a Volvo for my new car, but they’re not rated for towing horses in the USA like they are in Europe (USA versions are rated half the towing capacity than in Europe).
Nissan, Renault and Mitsubishi share platforms. Mexico has Peugeot and Citroen. Who knows, maybe the Canadians will open up to the French automobile brands as Mango Mussolini continues to fuck GM, Ford and Stellantis (North American operations).
The French (rightly) hate Nazi stuff. 🤷♂️
What ? They vote for Le Pen in droves. They love that nazi biatch.
None of this matters, you know they’ll have robots in like two years and Tesla will be the company worth the most, with a value of the next five companies combined*.
*This is what Tesla investors actually believe; Musk claimed this on the last earnings call last week.
Those investors should look at all his other broken promises.
Promising self driving next year since 2013
It was very nice of him to come up with a new story why people should pay this insane price for the stock. Fanboys were getting embarrassed repeating it for so many years, at least to the extend they are able to be embarrassed. But now they have something else.
Merge Boeing into Tesla, all gov vehicles now Teslas, they already got the space program on lock, just put them the rest of the way into the military industrial complex, he’s already got access to all the treasury stuff for unlimited funds, bing bang boom, Tesla is now Stark Industires and we surround the country with the Elon Dome. 😒
It’s a good start. I do my part by pointing and laughing at every owner of the big, stupid, dangerous cybertruck…
Not a large drop enough, let’s make that 100% please
I waited until I could get my hands on a Hyundai EV because I couldn’t stomach Musk. A buddy is currently considering a used Tesla because prices have cratered - but is factoring in the cost of several large ‘Musk Sucks’ stickers to plaster all over it.
