Tesla sales plunging worldwide amid Musk’s new role in Trump White House
Tesla sales plunging worldwide amid Musk’s new role in Trump White House
Stock price is down from December high
Summary
Tesla is facing a steep global sales decline, with drops of 63% in France, 59.5% in Germany, and 11.5% in China.
Analysts attribute this to growing competition, economic concerns, and backlash against Elon Musk’s support for Donald Trump.
Investors worry about potential tariffs from the Trump administration, which Tesla admits could impact its supply chain and profitability.
The company has not released a new model since late 2023, and Tesla stock has fallen from $480 in December to around $350. Some investors call this a "Trump-lash" against Musk and Tesla.
TSLA is still up over 2x on the year... the remains work yet to do.
Why would Elon care now? He got something better already... Control of the whole country
His control is contingent on his wealth. A very sizable portion of that wealth is represented by Tesla stock (TSLA). If the stock price declines, his wealth does too. That isn't to say if Tesla stock went to zero he'd be poor. He'd still be have something like $200B, but that's less than half what he's worth right this second.
I can't believe people don't want to drive their own swaskicar.
It can’t be overstated how toxic Musk is to the Tesla brand. He is alienating the people who are most likely to buy an electric car. He may think that the democrats are in the bag and now he is courting republicans, so he can sell electric cars to them too. Well, the sales numbers speak for themselves.
I bought a model 3 in 2019 thinking I was doing a good thing being a relatively early adopter. Now I'm stuck driving this stupid thing. Who the hell is going to buy a used swasticar?
You are excused, as people talk about the Thai cave in 2018 was one of the earlier signs that something was not alright with musk.
My colleagues brought Teslas in 2023 some months after he brought twitter. And voiced my concerns: Do you know he is weird and is known for disabling cars of people who disagree with him on twitter.
I'm not a bumper sticker guy, but I'd plaster a billboard on my Tesla with that information if I were in your position. Can't have people getting the wrong impression.
This sparks joy
I‘d always planned on buying a Tesla one day. Musk is the main reason for me never to buy one. The lack of support for Apple Carplay is the second one.
Top Two Reasons to Not Purchase a Tesla EV:
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Company run by man who recently openly did the ol' zieg heil and is helping a monster who led a violent insurrection perform a digital, soft coup from within the halls of power
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Won't work with my fucking iPhone, and buddy, I love this here iPhone
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Good.
An insane friend of mine put 100% of their 401k into Tesla, they're way up right now, but continuing to doubling down for some insane reason. May their portfolio rest in pieces.
Tesla stock is down 15% in the last 5 days, and as of this writing, 5% just today. If he had $100,000k in his 401k 5 days ago, its only worth $85k right now.
Tell your friend that Elon's brother Kimball sold $28 million of Tesla stock 5 days ago right before elon's announcement he wants to buy OpenAI. Kimball is a Telsa board member. Ask your friend if Elon and Kimball are selling, why is your friend still holding?
They're up 60% over the last year and more if he has been in longer. He's likely made a bundle if he sells now. Which is really, really stupid, but it's true.
But like you said, there are some signs of sanity with the stock in the last week, so it may be collapsing again. But I really doubt it'll drop way way more anytime soon. There's almost zero connection to reality with this stock.
I wasn’t gonna buy one anyway cause I am a broke bastard that is getting every dollar I can out of my 2005 Prius.