EV sales in the region are growing, but not for Tesla.
Tesla sales dropped around 13 percent across Europe in 2024, but so far this year, the scale of the problem is far greater. In France, sales of new Teslas fell by 63 percent, while total car sales in the country fell by just 6 percent, with EV sales dropping just half a percent.
Oh noez! Our big, wet, doughy nazi will surely be sad to hear about this!
Any healthy company board would remove him from Tesla as it is the no brainer way to save the company. The problem is that he placed people who are loyal to him on it. That's how he took control over the company that he didn't found to begin with.
And it seems to be how he's trying to take control of the US government as well.
Tesla's limited and outdated model range is undoubtedly a contributing factor to its poor sales in Europe, and the company must be hoping that the recently facelifted Model Y crossover can stimulate more traffic at its showrooms.
operating margin has dropped to just 6.2 percent —the lowest since Q1 2024. By contrast, the industry average operating margin for an automaker is around 10 percent.
Oh boy the number of times I've heard Tesla has better margin, so they are in a strong position for a price war. 😋🤣🤡
VW is walking all mover Tesla in EU now, and Toyota has made their first decent EV ever!
Tesla is toast, only China holds them up with somewhat decent sales, but still smaller market share.
Musk went from hero to fraud to danger to democracy, so I will absolutely cheer it on when it goes badly for him.
I knew the next car I would get would be an ev. I also knew that it was not going to be a Tesla.
I do think that Tesla has done a good job for the initial mass adoption of ev’s… but fuck Musk. If the board were smart, they would do everything they could to kick that fuckknuckle off their table, and distance themselves as far from him as possible.