this post was submitted on 03 Feb 2025
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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.

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[–] [email protected] 20 points 9 hours ago (11 children)

The EU has so many much better EV makers it is crazy. Siemens, Altsom, CAF or Talgo are superior in every way.

[–] [email protected] 11 points 9 hours ago (2 children)

Are you expecting someone to say "I never heard of those" so you can share some gem of niche industry knowledge with us?

Sigh. Alright. "I never heard of those".

[–] [email protected] 25 points 8 hours ago (1 children)

Those are all train manufacturers.

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[–] [email protected] 3 points 8 hours ago (1 children)

Hint: None of those companies make electric vehicles.

[–] [email protected] 13 points 7 hours ago (1 children)

What do you mean? Trains are vehicles.

[–] [email protected] 2 points 1 hour ago (1 children)

Sure, but that’s not relevant. Unless you’re suggesting that people buying a train is a better idea than buying a Tesla.

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[–] [email protected] 7 points 11 hours ago

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!

[–] [email protected] 13 points 12 hours ago

Sadly, he's already tapped the US Treasury like a Keg.

[–] [email protected] 94 points 18 hours ago (1 children)

I work in tech in Germany. My coworkers and I are the ideal Tesla customers. Nobody I know would consider buying a Nazi car.

[–] [email protected] 63 points 17 hours ago (12 children)

Call it a swasticar, Elmo hates it.

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[–] rxbudian 7 points 12 hours ago

Couldn't happen to a "better" man

[–] [email protected] 37 points 17 hours ago (2 children)

Looks like Elon Twittered Tesla.

[–] LostWon 11 points 16 hours ago (2 children)
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[–] [email protected] 54 points 19 hours ago (11 children)

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.

[–] [email protected] 36 points 17 hours ago (11 children)

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.

[–] [email protected] 42 points 17 hours ago

That sounds like a bubble that needs a pin 📌

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[–] [email protected] 188 points 1 day ago (19 children)

Not many people want to be seen in a nazi car. Between that and twitter, the babyllionaire douche is really demonstrating his genius.

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[–] [email protected] 18 points 17 hours ago* (last edited 17 hours ago)

Whenever I see a Tesla, I immediately think of those fucking neo-Nazis and his weekly chats with the bastard Vlad.

[–] NotSteve_ 66 points 21 hours ago (7 children)

I don't understand how the stock is STILL so high

[–] [email protected] 51 points 20 hours ago* (last edited 20 hours ago) (2 children)

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.

[–] [email protected] 31 points 19 hours ago (1 children)

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.

[–] [email protected] 3 points 12 hours ago (1 children)

insert I'm doing my part.jpg

[–] [email protected] 2 points 11 hours ago

My 3%-match 401k: ididntdoshit.jpeg

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[–] [email protected] 43 points 21 hours ago

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.

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[–] [email protected] 40 points 20 hours ago

Not one more Tesla should be sold in any democratic country.

[–] [email protected] 63 points 22 hours ago (1 children)

You couldn’t get me to drive a Tesla even if you paid me for it

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[–] [email protected] 75 points 23 hours ago (1 children)

The French (rightly) hate Nazi stuff. 🤷‍♂️

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