Tesla sales crash 45% in Europe as rivals surge, Musk’s politics spark backlash
Tesla sales crash 45% in Europe as rivals surge, Musk’s politics spark backlash
Tesla’s European sales dropped 45% in January, while EV demand soared. Production changes and CEO Elon Musk’s political controversies may have contributed to the sharp decline.
Summary
Tesla’s European sales plunged 45% in January, while the EV market grew 37%, with rivals like Volkswagen and Renault gaining ground.
Production changes for the Model Y is claimed to contribute to lower sales, but Elon Musk’s political controversies also sparked backlash.
Musk’s support for far-right parties and attacks on European leaders have made him unpopular, as polls show negative perceptions in Germany and the UK.
Tesla’s struggles come as European automakers face stricter emissions targets, increasing competition in the region’s growing EV market.
You are welcome yanks. Now feel free to do your part. I am joking, I would expect even Chinese Tesla customers to move first.
Piss off. Weve been doing this https://electrek.co/2025/02/03/teslas-sales-drop-double-digits-in-the-us-biggest-ev-market-while-others-are-growing/
why would Europeans have a problem with a guy doing a nazi salute? we may never know
iT WaS a GeStuRe
A Nazi salute is a gesture tho
Good. Fuck Musk! Dirty asshole.
Unwiped asshole
Please; show some respect to assholes. What we have here is a clearly unelected unrepresentative uniformly unqualified nazi turd; or, a cuuuunt if you will. 😝
I agree. Assholes are functional. We need em. We certainly don’t need this shitstain.
Yeah, I wouldn’t buy house paint for Hennrich Himler and I wouldn’t buy baby clothes from chairman Mao… definitely not buying stuff from Musk.
Well iif you're picky stay away from DuPont then. They provided Nazis with information and material during the second world way, all the way up until the Nazis took their assets in Germany.
Ok but. That’s not all you know?? Forever chemicals are directly attributable to DuPont as well, and they KNEW it too. I’m sure there are more skeletons in THAT particular closet.
TIME - Companies Knew the Dangers of PFAS ‘Forever Chemicals’—and Kept Them Secret
Remember when Musk called Bill Gates "categorically insane" for shorting Tesla? I think I can guess who will be laughing in the end.
Both of them, they're both fucking centi-billionaires, they couldn't give a fuck.
Bill Gates at least made his money by himself, transferred most to a genuine charity, and pledged that 99% of his remaining wealth will follow suit once he dies; plus he convinced a good number of other billionaires to do the same.
Hating on Windows and whatever Microsoft has become over time is one thing, but Gates himself is not a bad person.
Musk didnt learn a single thing from mismanaging twitter right into the ground. Tesla is up next. The US government after that.
He didn't mismanage Twitter. He realized that he could spend 44B and gain control of the ruling political party of the US. He said "Twitter's value isn't in it's advertising, but in the public manipulation I can do with it!"
What you described is mismanagement. Just because he benefits from it doesn't make it good management.
Why would he learn from it, as far as I can tell it was intentional mismanagement.
I don't know about Twitter, it gave him and his cronies a platform, and won him an election. It's mismanaged for sure, but it got the job done.
Tesla is probably more of a blow, this doesn't help him in any way.
he got 100bn richer, and probably is getting more from plundering the us.
I honestly think he sabotaged it on purpose. I hate to give him any credit for intelligence, but in reality he must have told some friends to short the stock before he bought it and immediately crashed its value.
Where does Musk's money actually come from? How big part of it comes from Tesla? How much from SpaceX and how much from Starlink? What else do Musk's companies do?
I'm just wondering: How long will he still be the richest person on Earth? And once he's not, what will Trump think of him?
Government contracts to his companies amount to more than $8 million per day currently, expect that number to grow now that Musk can decide which government functions he should privatize for his own gain. Verizon's $2 billion dollar contract with the FAA is likely to be cancelled so Starlink can get their cut.
From insider trading and also griefing crypto bro.
Well, I think forbes is maintaining a well known list, here's his entry, which should give you some info about the source of his wealth: https://www.forbes.com/profile/elon-musk/?list=rtb/
He doesn't have all that much money. But he has a lot of capital. And that can go away tomorrow. He can go from richest man to 10,000th richest man in 24hours.
I've been saying this for years, Tesla will not remain #1 on electric cars once they become mainstream.
Tesla has declining sales in ALL major markets, and they have only half the profitability of the average for the industry!!
Tesla is not a competitive brand anymore, and unless something is done, Tesla will be gone in 10-20 years.This is not just because of Musk, it's also because the alternatives are getting better than Tesla now. Musk is absolutely accelerating the decline of Tesla, both by making stupid decisions for Tesla, and by being an unpopular figure.
But Tesla is not developing at the same cadence as other makers, 5 years to make an updated model Y is a very slow development cadence, the average is about 3 years, and currently in China for EV it's allegedly half that!!
For a new type of car, where developments are constant on better technologies like batteries, 5 years is horrendously slow, and cutting prices hard kind of makes it worse, devaluing the entire fleet of existing cars.
Something Musk also promised wouldn't happen, as he claims a Tesla holds value better than any other brand, which is now obviously false.Most likely the profitability will come from DOGE funneling.
Not uh bro, just give them another 5 years and their build quality will improve.......
It's almost like manufacturing vehicles takes skilled labor or something. I'll be happy when their valuation finally reflects something approaching realistic numbers. Just comparing simple metrics like employee retention should have been enough to tip off investors that Tesla was massively overvalued.
I mean there's a reason the other major manufacturers haven't killed off unions completely. You can't just keep replacing your entire workforce every couple years and expect any kind of quality control.
I moved out of Tesla to BYD stocks couple months ago just based on the output and price of their cars and feeling that tariffs aren't going to keep them out forever. Looking good so far.
China updates car models every 1.5 years? That's kinda cool.
Yes, and this is a very important factor if you want to get or stay ahead.
Intel had their famous Tik-Tok strategy up until 2016, and when that broke, Intel broke.
Nvidia had a similar strategy churning originally out new GPU models at twice the speed of competitors. And Nvidia is now the most successful chip making company ever.This article is a bit more modest than twice the speed, stating only 30% faster development cycle in China, but there is no doubt the Chinese market is extremely competitive:
https://www.msn.com/en-us/money/companies/how-china-is-churning-out-evs-faster-than-everyone-else/ar-BB1jhlzH
Europe better be careful, they're about to be sued if they keep up this kind of behavior
How exactly? Raising tariffs to 50%?
Who are the remaining 55% still buying swasticars?
Those are preliminary numbers. They'll do everything they can to hide the real numbers too. I wouldn't be surprised if the real sales numbers are already down 80 percent.
Yeah right, only? I mean it's not a good decision politically, but also no longer economically sound, you might want to sell it down the road, to whom, and for what price?
People who don't know or care, I hope it ends up being like 5-10% of their normal sale forcing them to only have a single store in each country.
And with the way they fall to pieces, it will be a curiosity in 10-15 years.
Believe it or not, not everyone follows USA domestic news.
Reason this has gotten lot of attention is that the way US has been negatively affective international citizens. Even if someone wants to keep their head in the sand when it comes to the US it's hard to ignore when they keep threatening tarrifs and then start threatening allies and forming bonds with their enemies.
Who wants to drive cars of this freek?
Thanks for pushing electric cars, but we don't need you anymore now!
yay I needed this today
Ratio'd
I should go check my Volkswagen stocks.
EDIT: They're down -25% total, a huge improvement!
Last 5 years +4.92%
Last 1 year +7.09%
Last 6 months +7.09%
Last 1 month +7.09% (no I'm not mixing up numbers these are actual numbers, its the same number thrice)
Last 5d +6.46%
Last 1d +0.93%
Looking good, seems like you chose an unfortunate moment to invest.
Edit: +21.97% in 2025 so far. Probably correlates with declining Tesla sales?
I still don't get how is Telsa 20 times bigger than Toyota.
It's great thanks to Musk, Telsa could become a viable auto maker which in the current industrial context is already amazing, especially with production in place with expensive labour (Which is a great thing too)
However, it's not like other auto manufacturer would disappear from the market and it seems easier to add an electric system over an existing basis than to build a new car from scratch, let alone Chinese trying to enter the global market (and BYD is growing quickly in Europe) and Indian which will do the same at the point.
So not really a surprise that Tesla sales start to drop, especially when adding that nazi did good car isn't a reason to support nazi
Tesla is currently four times as big as Toyota by market capitalization.
...But that number is total BS, just gambler's hype, it doesn't actually represent how "big" a company is. Like, I'm more "pro investment" than most of Lemmy and subscribe to the Buffet ideology that stocks aren't a total gamble, but Tesla's stock price has been untethered from reality for years. The idea that they would somehow take over the entire auto market (as the price suggests) makes zero sense.
Yeap, a lot of people confuse market capitalization with market share. The two should be somewhat intrinsically tethered in some way, but a lot of investing nowadays is purely speculation based on marketing (aka lying).
That's really unfortunate
Cool.
just like 1945?
Unfortunately I believe that he does not give a shit.
That is fucking wild!
American Speedrun to the ground.